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The town of Smallsville is considering building a museum. The city will have to borrow money to build the museum and will own $1000 per

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The town of Smallsville is considering building a museum. The city will have to borrow money to build the museum and will own $1000 per year in interest. Each citizen's marginal benefit is listed in the table below. Citizen Marginal benefit from museum ($/year) Anita 340 Brandon 290 Car lena 240 Dallas 190 Eloise 140 a. Assuming each citizen voted based on their own private interests, would they vote to increase taxes by $200 per person per year to build the museum? b. If instead a private company built the museum and charged people a yearly fee to attend the museum, would any company offer to build it? Explain. c. Comparing the cost to the social marginal benefit, would it be more efficient to build the museum or not

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