Answer the following questions:

1. Match the term to the definition that best fits.

- A. B. C. D. E. F.	Tax share
- A. B. C. D. E. F.	Tax price
- A. B. C. D. E. F.	Socially optimal outcome
- A. B. C. D. E. F.	Benefit share
- A. B. C. D. E. F.	Median voter
- A. B. C. D. E. F.	Marginal Social Cost

A.	Circumstances in which the social benefits of a policy choice equal or exceed the costs to society of having the policy in place. Among alternatives this outcome is the one that provides the greatest net benefits.
B.	The portion of jurisdiction wide benefits consumed by an individual.
C.	The voter whose preferences bisect the distribution of all voters in a majoritarian election.
D.	The cost to the taxpayer for an additional dollar of public expenditure (per household). In a property tax system this is the ratio of the taxpayer's assessed value to the average assessed value in the jurisdiction.
E.	The total cost to society as a whole for producing one further unit, or taking one further action, in an economy.
F.	The share of taxes paid in a jurisdiction. In a property tax system this is determined by the assessed value of the individual's property as a share of all the assessed value in the jurisdiction.

2. A resident owns a home worth $182855 in a town where house values average $218152. The town spends $1825 per taxpayer each year. What is this resident's tax price?

3. A resident's last tax bill showed that their home had an assessed value of $87572. The total assessed value of all of the homes in the town was $64,319,000. What is this resident's tax share? Note:State as% for example for ten percent enter10not 0.10.

4.