You are logged in as Sakshi Maeh This is the model you should study for the following 6 questions: A small town has 100 voters. The small town must decide whether to spend public money to build a new high school ( c = 1 ) or not ( c = 0 ). 30 voters are of type m -they have kids; the rest are of type n -they do not have kids. If the high school is not built, every voter has a utility of 0 . If the high school is built, type m voters receive a benefit equal to 8 because they can send their kids to this new high school; type n voters receive no benefit, because they have no kids. Ad the high school is built, in order to pay for the building expenses, each voter will have to pay taxes equal to 5. Voters' utility is given by the difference between the benefit they receive and the taxes they pay. FIRST QUESTION: Write down the utility of a voter of type m in case the high school is built SECOND QUESTION: Write down the utility of a voter of type n in case the high school is built THIRD QUESTION: Write down the social welfare in case the high school is built FOURTH QUESTION: Write down the social welfare in case the high school is not built FIFTH QUESTION: Building the high-school is efficient according to the social welfare criterion Select one: True False SIXTH QUESTION: Building the high-school is Pareto optimal Select one: True False Finish dents experiencing difficulties using Moodle? Contact External TELT Support for assistance support@unsw.edu.au 2 9385 3331 Monday 22 August 2022 vider Code 00098, ABN 57 195 873 179 | Sydney, NSW.2052, Australia