wo towns, each with three members, are deciding whether to put on a fireworks di

Question

wo towns, each with three members, are deciding whether to put on a fireworks display to celebrate the New Year. Fireworks cost $420. own, some people enjoy fireworks more than others. In the town of Bayport, each of the residents values the public good as follows: Value Resident (Dollars) Gilberto Juanita Lorenzo 60 150 180 The total benefit of the fireworks display to the town of Bayport is Therefore, fireworks pass the cost-benefit analysis in the town of Bayport. The mayor of Baypo decide by majority rule and, if the fireworks referendum passes, to split the cost equally among all residents would not Who would vote in favororne Eeworks referendum? Check all that apply - io 30 sc

Explanation / Answer

1) Total benefit = 60+150+180 = 390

2) would not

3) cost on each 420/3 = 140; compare value with the cost; Junita and Lorenzo

4) would not

5) Total benfit = 100+120 +230 = 450

6) would pass

7) Teresa

8) would not

9) only option a. everyone can’t be satisfied.

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