A local firm hires $150 of unskilled labour at the minimum wage and constructs a walking track, for which it is paid $180 by the state government. The firm incurs no other cost, apart from the wage bill, in constructing the track. The government is to charge a fee to users of the track, and the present value of the fees paid is estimated to be $100. Consumers place a net present value (net of the fees and any other costs incurred) of $50 on the track’s services. The labour employed to construct the track would otherwise be unemployed, and the value of its non-market activity is estimated to be $50.

i Calculate the net benefit of the project to each member of the Referent Group:

a the firm b consumers c labour d the government