PIE Answer the question on the basis of this table showing the marginal benefit that a particular public project will provide to each of the three members of a community. No vote trading is allowed. Voter Xavier Yoho Zest Marginal Benefit $ 500 200 2,000 If the tax cost of this proposed project is $600 per person, a majority vote will Multiple Choice defeat this project and resources will be underallocated to it. defeat this project and resources will be allocated efficiently. pass this project and resources will be overallocated to it. defeat this project and resources will be overallocated to it. 6 < Prev 6 of 10 tv Next >

PIE Answer the question on the basis of this table showing the marginal benefit that a particular public project will provide to each of the three members of a community. No vote trading is allowed. Voter Xavier Yoho Zest Marginal Benefit $ 500 200 2,000 If the tax cost of this proposed project is $600 per person, a majority vote will Multiple Choice defeat this project and resources will be underallocated to it. defeat this project and resources will be allocated efficiently. pass this project and resources will be overallocated to it. defeat this project and resources will be overallocated to it. 6 < Prev 6 of 10 tv Next >

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Why is it difficult for private markets to providethe optimal quantity of a public good? Why is itdifficult for government to provide the optimalquantity of a public good?
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Please give me correct answer with calculation and full explanation otherwise i give down vote Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.
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ded Answer the question on the basis of this table showing the marginal benefit that a particular public project will provide to each of the three members of a community. No vote trading is allowed. Voter Marginal Benefit Xavier Yoho Zest 1 If the tax cost of this proposed project is $600 per person, a majority vote will Multiple Choice $ 500 200 2,000 O defeat this project and resources will be underallocated to it. defeat this project and resources will be allocated efficiently. pass this project and resources will be overallocated to it. defeat this project and resources will be overallocated to it. SEP 5 ▶ -
1. True or False d. In the presence of an unpriced negative externality such as roadway congestion, marginal private benefit will be less than marginal social cost. e. The optimal level of roadway congestion is zero. f. The optimal congestion toll on a road would be the difference between marginal benefit and marginal private cost at the optimal level of road usage.
. What are the three problems facing a government trying to determine the optimal quantity of a public good? explain.
Aggregation of individual preferences about a public project through majority votingwill necessarily lead to an unambiguous decision on the level of the society. True of false .?
Internalizing a negative externality results in: an increase in consumer surplus and an increase in total surplus. Oa decrease in consumer surplus and an increase in total surplus. an increase in consumer surplus and a decrease in total surplus. Oa decrease in consumer surplus and a decrease in total surplus.
Identify two benefits of CAFE standards. See additional directions below. Identify two costs of CAFE standards. See additional directions below. Brietly explain in a. and b. why each cost or benefit fits its respective definition and distinguish private from external benefits or costs. Please also identify if the benefit or cost is real or monetary. Finally, please indicate whether the benefit or cost is unique to CAFE standards or а. b. common to both CAFE standards and fossil-fuel taxes.
5. Describe how taxes can lead to efficiency losses. Your answer should include a graph and an explanation of what the graph illustrates.
Required information Skip to question An image shows the curves of MSC, MPC, MSB and MPB. Image shows the bar graph which represents the curves of MSC, MPC, MPS, MPB and these cross each other's. At x- axis shows the Quantity per period and at y-axis shows the Price in dollar. Refer to the above graph to answer this question. If this product were taxed by an amount equal to the external costs, what would be the total amount of tax revenue? Multiple Choice $14,000. $ 10,000. $6,000 $8,000. $16,000. Required information Required information Price $100 90 80 70 60 50 40 30 20 10 0 200 400 600 800 MSC MPC MSB MPB 1000 1200 1400 Quantity per period