There are 5 plots of land in a city. Each plot is owned by different landowner. The city government proposes an urban boundary, which will increase the value of the 2 central plots, but reduce the value of the 3 outlying plots to zero. Plot Value of Plot Before After (A) If the objective is to maximize the value of the land in the city, should the urban boundary be imple mented? Explain your answer. (b) Suppose that each plot of land is owned by a different landowner, and the city government needs a majority vote to implement the urban boundary. Who votes for the urban boundary and who votes against? Now, suppose that the government proposes to impose a capital gains tax along with the urban boundary. For every landowner that experiences an increase in the value of land, a fraction of the increase is collected by the government. The total tax revenue is split equally among landowners whose land loses value due to the urban boundary (c) What is the minimal tax rate that will allow the government's proposal to pass? Which landowners will vote for the policy with this tax rate