Question 42 Assume that the table below shows the cost/benefit schedule in a four-voter town for the purchase of a new street light. Voter Benefits Tax Smith $466 $300 Jones $320 $300 Brown $302 $300 Doe $3 $300 Will this project be approved? By how many votes will it win/lose?
Question 42 Assume that the table below shows the cost/benefit schedule in a four-voter town for the purchase of a new street light. Voter Benefits Tax Smith $466 $300 Jones $320 $300 Brown $302 $300 Doe $3 $300 Will this project be approved? By how many votes will it win/lose?
Chapter1: Making Economics Decisions
Section: Chapter Questions
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
Transcribed Image Text:Question 42
Assume that the table below shows the cost/benefit schedule in a four-voter town for the purchase of a new street light.
Voter Benefits Tax
Smith
$466
$300
Jones
$320
$300
Brown
$302
$300
Doe
$3
$300
Will this project be approved? By how many votes will it win/lose?
O No, by a vote of 1 Yes - 3 No
O It's a tie: 2 Yes - 2 No
O Yes, by a vote of 3 Yes - 1 No
O Yes, by unamimous vote
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