A three-person city is considering a fireworks display. Anne is willing to pay $50 to see the
Question:
a. In terms of efficiency, should the fireworks be offered?
b. Will any single citizen provide the display on his or her own?
c. Suppose the town decides to put the matter to a vote. If at least two people vote in favor of the fireworks display, each person will be taxed $20 and the fireworks display will be held. How many people will vote in favor of the fireworks?
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a Yes Total benefit is 80 and total cost is 60 b No The maxi...View the full answer
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