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A community public works project will cost $55,000 dollars and will benefit 5 different individuals: Is this project economically feasible? Show work in an excel
A community public works project will cost $55,000 dollars and will benefit 5 different individuals: Is this project economically feasible? Show work in an excel spreadsheet that lists the benefit for each individual. Would this project be approved by a majority at a majority at a referendum? Does the project meet the Pareto efficiency improvement criterion? If possible, revise the cost shares to allow the project to meet the Pareto criterion and to pass a referendum
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