Each one has senator who Jor state and is elected only by the voters in their own state. Each Senator's vote is equal in the voting process. There are three projects being considered and each will only bring revenue into the one State in which it is built BUT all three projects, if built, will be built with Taxes paid by ALL of the population of all 5 states. District 1 is not considering a project at this time. District 2 is mostly urban and they want to build a Football stadium to attract tourists. District 3 is not considering a project at this time. District 4 wants to build a Space Exploration Research Center. District 5 wants to build an airport. The relevant Benefit (positive number) and Cost (negative number) to each district details are below: District I District II District III District IV District V O Regulatory Capture Logrolling Stadium ($) -30 80 -30 -30 -30 me Scenario outlined above is commonly known as: Kleptocracy Rent Seeking Airport ($) -25 -25 -25 -25 95 Research Ctr.($) State Population -20 -20 -20 70 -20 1,627,465 1,829,364 2,379,689 925,000 884,000

Each one has senator who Jor state and is elected only by the voters in their own state. Each Senator's vote is equal in the voting process. There are three projects being considered and each will only bring revenue into the one State in which it is built BUT all three projects, if built, will be built with Taxes paid by ALL of the population of all 5 states. District 1 is not considering a project at this time. District 2 is mostly urban and they want to build a Football stadium to attract tourists. District 3 is not considering a project at this time. District 4 wants to build a Space Exploration Research Center. District 5 wants to build an airport. The relevant Benefit (positive number) and Cost (negative number) to each district details are below: District I District II District III District IV District V O Regulatory Capture Logrolling Stadium ($) -30 80 -30 -30 -30 me Scenario outlined above is commonly known as: Kleptocracy Rent Seeking Airport ($) -25 -25 -25 -25 95 Research Ctr.($) State Population -20 -20 -20 70 -20 1,627,465 1,829,364 2,379,689 925,000 884,000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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A county in Tennessee is considering the following public interest project. Initial Cost $22.5M Annual Maintenance Cost $525K EUAB $3.3M Given a useful life of 12 years and an interest rate of 4%, the benefit /cost ratio is _____________________. Group of answer choices 1.01 1.13 1.51 1.67 1.48
Economic lease anser a and b
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Given a single alternative for a proposed government project, if the alternative's benefit-cost ratio is 1.4, then the project O Should be accepted. Should not be accepted. Should be reevaluated to increase its ratio. Is not good enough for a government project. Show Transcribed Text Public investment projects should provide benefits for the public's greater good that exceed the payback period present worth annual worth costs of providing those benefits.