Consider two possible public works projects: Project A and Project B. The costs and benefits of...

 

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Consider two possible public works projects: Project A and Project B. The costs and benefits of each project to each citizen depends on the citizen's height. The costs and benefits of each project to tall citizens and short citizens are summarized in the table below: Project A Project B Benefits Tall Citizens Short Citizens Costs Tall Citizens Short Citizens $375 $250 $310 $225 $425 $180 $300 $180 Part 1) If we care equally about short and tall citizens, what is the net benefit of Project A to this society? Enter your numeric answer here (please provide a whole number as your answer, without the dollar sign): S Part 2) What is the distributional weight of each dollar spent or received by a tall citizen (relative to that of a short citizen) that would make the values of these two projects be equal? Enter your numeric answer, rounded to 2 decimal places: Consider two possible public works projects: Project A and Project B. The costs and benefits of each project to each citizen depends on the citizen's height. The costs and benefits of each project to tall citizens and short citizens are summarized in the table below: Project A Project B Benefits Tall Citizens Short Citizens Costs Tall Citizens Short Citizens $375 $250 $310 $225 $425 $180 $300 $180 Part 1) If we care equally about short and tall citizens, what is the net benefit of Project A to this society? Enter your numeric answer here (please provide a whole number as your answer, without the dollar sign): S Part 2) What is the distributional weight of each dollar spent or received by a tall citizen (relative to that of a short citizen) that would make the values of these two projects be equal? Enter your numeric answer, rounded to 2 decimal places:

Answer rating: 100% (QA)

Answer Rounded to 2 decimal places the di... View the full answer