Question 43 Refer to the situation and table in Question 42.  From an economic perspective, should the new street light be purchased? Group of answer choices Yes, because a majority of people in the town would get a net benefit from it. No, because not everyone in town gets a positive net benefit from the new streetlight. Yes, because it provides benefits to people in the town. No, because the total benefit from the streetlight would be less than the total cost.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Question 43
Refer to the situation and table in Question 42.  From an economic perspective, should the new street light be purchased?
Group of answer choices
Yes, because a majority of people in the town would get a net benefit from it.
No, because not everyone in town gets a positive net benefit from the new streetlight.
Yes, because it provides benefits to people in the town.
No, because the total benefit from the streetlight would be less than the total cost.
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
Transcribed Image Text: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
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