A project generates benefits of 150,000 and costs 100,000 to implement. The costs are imposed on the wealthy and the benefits accrue to the poor. The marginal utility of wealth is equal to 5 for the poor and is equal to 3 for the wealthy.

(a) Calculate the net benefit and the change in overall utility from this project?

(b) Should the project be implemented based on the net benefit criteria?

(c) Does a decision based on the net benefit criteria generate the best outcome for society in this case?