Questions & AnswersMicroeconomics

Assume that Abby, Ben, Clara, Joe, and Matt are the only citizens...

Question
Answered step-by-step
Asked by brighteyes64 on coursehero.com

Assume that Abby, Ben, Clara, Joe, and Matt are the only citizens...

Assume that Abby, Ben, Clara, Joe, and Matt are the only citizens in a community. A proposed public good has a total cost of $1,000. All five citizens will share an equal portion of this cost in taxes. The benefit of the public good is $220 to Abby, $210 to Ben, $190 to Clara, $180 to Joe, and $120 to Matt. In a majority vote, this proposal will most likely be


Multiple Choice

  • accepted, 3 in favor, 2 against.
  • accepted, four in favor, one against.
  • defeated, 1 in favor, 4 against.
  • defeated, 2 in favor, 3 against.

Answer & Explanation

Solved by verified expert
Answered by MASUD19 on coursehero.com
<p>sectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisi</p>sectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ip
CliffsNotes Logo

Unlock access to this and over
10,000 step-by-step explanations

Unlock Explanation

Have an account? Log In

Step-by-step explanation

<p style="margin-left:0px;">sectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ult</p><figure class="image"><img src="/qa/attachment/20870638/" alt="20870638"/></figure><p style="margin-left:0px;"> </p><p style="margin-left:0px;"> </p>
1 attachment
Subscribe to unlock attachment
JPG

Get unstuck with a CliffsNotes subscription

Example CliffsNotes Question and Answer
Unlock every step-by-step explanation, download literature note PDFs, plus more.Get Access

Related Q&A