Return to problem 1, and assume that the jurisdiction now includes the same 125 households and 175
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Return to problem 1, and assume that the jurisdiction now includes the same 125 households and 175 households with the demand for the public good G ΒΌ 50 0:5 p:
Suppose that the decision regarding the amount of public good to be supplied is determined by the median voter model.
a. How much of the public good will be supplied and at what price per unit?
b. How much will each household pay in taxes?
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Related Book For 
Urban Economics And Real Estate: Theory And Policy
ISBN: 9781621577706
2nd Edition
Authors: John F. McDonald, Daniel P. McMillen
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