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2. Two towns, each with three residents. are deciding whether to put on a reworks display to celebrate the New Year. Fireworks cost $360. In
2. Two towns, each with three residents. are deciding whether to put on a reworks display to celebrate the New Year. Fireworks cost $360. In each town. some people enjoy reworks more than others. a) In the town of Bayport, each of the residents values the public good as follows: Frank $50 $100 Callie $300 Would reworks pass a costbenet analysis? Explain. b) The mayor of Bayport proposes to decide by majority rule and, ifthe reworks referendum passes, to split the cost equally among all residents. Who would vote in favor. and who would vote against? Would the vote yield the same answer as the costbenet analysis
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