blank options:

1. non rival or rival

2. excluded or nonexcluded

4. greater or less

5. should or should not

A local college is deciding whether to conduct a campus beautification initiative that would involve various projects, such as planting trees and remodeling buildings, to make the campus more aesthetically pleasing. For the students of the college, the visual appearance of the campus is and Thus, the visual appearance would be classified as a public good. Suppose the college administrators estimate that the beautification initiative will cost $61,110. To decide whether the initiative should be undertaken, administrators conduct a survey of the coliege's 2,240 students, asking each of them their willingness to pay for the beautification project. The average wilingness to pay, as revealed by the survey, is $20, The benefit of the beautification initiative, as suggested by the survey, is . Because the estimated benefit is than the cost, the college administrators undertake the beautification initiative. The calculation of the benefit of the beautification initiative relied on the abiity of the administrators to capture the true willingness to pay of each student accurately. Which of the following scenarios would cause the survey used by the college administrators to yield misleading data on willingness to pay? Check an that apply. Students believe that if the initiative does not happen, the funds for the initiative will not be spent eisewhere. An equal number of first, second, third, and fourth year students were surveyed. A local college is deciding whether to conduct a campus beautification initiative that would involve various projects, such as planting trees and remodeling buildings, to make the campus more aesthetically pleasing. For the students of the college, the visual appearance of the campus is and Thus, the visual appearance would be classified as a public good. Suppose the college administrators estimate that the beautification initiative will cost $61,110. To decide whether the initiative should be undertaken, administrators conduct a survey of the coliege's 2,240 students, asking each of them their willingness to pay for the beautification project. The average wilingness to pay, as revealed by the survey, is $20, The benefit of the beautification initiative, as suggested by the survey, is . Because the estimated benefit is than the cost, the college administrators undertake the beautification initiative. The calculation of the benefit of the beautification initiative relied on the abiity of the administrators to capture the true willingness to pay of each student accurately. Which of the following scenarios would cause the survey used by the college administrators to yield misleading data on willingness to pay? Check an that apply. Students believe that if the initiative does not happen, the funds for the initiative will not be spent eisewhere. An equal number of first, second, third, and fourth year students were surveyed