The Los Angeles Public Library system is considering 4 programs it could implement in 2023 to improve the library system's ability to help the surrounding community. To better understand the effects of these policies, and their associated costs, the library system has hired you, a renown economist, to analyze their proposed programs. You have summarized your findings in the following table:

Technology Improvements

Kids Summer Day camp

Local Artist Showcase

Voter Guidance Present Value Cost $90,00 $60,000 $25,000 $35,000 Present Value Benefits $115,00 $70,000 $20,000 $55,000

Assuming each policy can be implemented independently and that the goal of the library system is to maximize the benefit to the community, answer all the following questions. a. Due to time constraints of their staff, the Los Angeles Public Library system is considering implementing only one new program in 2023. Which program would you argue they should implement? Why? b. The Los Angeles Public Library system only has $100,000 to spend implementing new programs in 2023. Which program(s) would you argue they should implement? Why? c. One of the library board members is particularly enthusiastic about the Local Artist Showcase, where the library would purchase and highlight books written by local artisans. What would you say to this board member about this program as it relates to the library system's program goals?