Question: Standing is an important issue that does not receive much discussion in benefit-cost analyses. A. Briefly explain what is meant by standing. B. Consider a

Standing is an important issue that does not receive much discussion in benefit-cost analyses. A. Briefly explain what is meant by standing. B. Consider a transit plan for Seattle for which the geographical distribution of benefits and costs is shown below. Three possible perspectives with respect to standing are Seattle, King County (Seattle plus the rest of King County), and the State of Washington (Seattle, the rest of King County, and the other counties in Washington). Discuss how each of these assumptions about standing affects whether or not the project satisfies the Potential Compensation Criterion. Benefits Costs Seattle Rest of Kin Count Other counties in Washinoton -E_

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