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Van, Amy, and Carlos are the only voters in a small society and are considering whether to publicly finance a project. Indicate in the following table what each individual's vote would be and whether the public project will be funded. Name Marginal Cost Marginal Benefit Vote Van $300 $10 Amy $300 $305 Carlos $300 Total $900 $345 $660 If this same project were taking place in the private sector, a firm fund the project. In private markets, decisions to provide goods or services to the market are generally made if marginal benefits comparison, the decisions to provide goods and services by governments are made through may approve projects whose costs their benefits. marginal costs. In . As a result, governments

Van, Amy, and Carlos are the only voters in a small society and are considering whether to publicly finance a project. Indicate in the following table what each individual's vote would be and whether the public project will be funded. Name Marginal Cost Marginal Benefit Vote Van $300 $10 Amy $300 $305 Carlos $300 Total $900 $345 $660 If this same project were taking place in the private sector, a firm fund the project. In private markets, decisions to provide goods or services to the market are generally made if marginal benefits comparison, the decisions to provide goods and services by governments are made through may approve projects whose costs their benefits. marginal costs. In . As a result, governments

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Van, Amy, and Carlos are the only voters in a small society and are considering whether to publicly finance a project. Indicate in the following table what each individual's vote would be and whether the public project will be funded. Name Marginal Cost Marginal Benefit Vote Van $300 $10 Amy $300 $305 Carlos $300 Total $900 $345 $660 If this same project were taking place in the private sector, a firm fund the project. In private markets, decisions to provide goods or services to the market are generally made if marginal benefits comparison, the decisions to provide goods and services by governments are made through may approve projects whose costs their benefits. marginal costs. In . As a result, governments
Transcribed Image Text:Van, Amy, and Carlos are the only voters in a small society and are considering whether to publicly finance a project. Indicate in the following table what each individual's vote would be and whether the public project will be funded. Name Marginal Cost Marginal Benefit Vote Van $300 $10 Amy $300 $305 Carlos $300 Total $900 $345 $660 If this same project were taking place in the private sector, a firm fund the project. In private markets, decisions to provide goods or services to the market are generally made if marginal benefits comparison, the decisions to provide goods and services by governments are made through may approve projects whose costs their benefits. marginal costs. In . As a result, governments
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