Assume that Matt, Camila, and Joe are the only citizens in a community. A proposed public good has a total cost of $999. All three citizens will share an i equal portion of this cost in taxes. The benefit of the public good is $500 for Matt, $280 for Camila, and $260 for Joe. In a majority vote, this proposal will most likely be

Assume that Matt, Camila, and Joe are the only citizens in a community. A proposed public good has a total cost of $999. All three citizens will share an i equal portion of this cost in taxes. The benefit of the public good is $500 for Matt, $280 for Camila, and $260 for Joe. In a majority vote, this proposal will most likely be

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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11
Assume that Matt, Camila, and Joe are the only citizens in a community. A proposed public good has a total cost of $999. All three citizens will share an
equal portion of this cost in taxes. The benefit of the public good is $500 for Matt, $280 for Camila, and $260 for Joe. In a majority vote, this proposal will
most likely be

Multiple Choice
accepted, two in favor and one against.
defeated, none in favor and three against.
accepted, three in favor and none against.
defeated, two against and one in favor.

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