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magine you are the mayor of a town and you are trying to decide if you should pay for a fireworks show. Your staff survey
magine you are the mayor of a town and you are trying to decide if you should pay for a fireworks show. Your staff survey your 400 citizens who say that they each value a fireworks show at $10. The fireworks show only costs $3,000 so you put on the show but when you ask for donations to pay for the fireworks you only receive $25 total. What does this result show? A. You staff's survey must have over estimated the value of a fireworks show B. the fireworks cost must have been greater than their economic benefit
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