2. A) How will the voters vote for putting a statue in the towns common area using the following data? Dollar benefits Tax levied Individuals to individuals $1,525 $1,315 $505 on individuals $1,000 $1,000 $1,000 $1,000 $1,000 Milton Maria Jaime Maynard $845 Kenneth $1,150 B) Explain using cost/benefit analysis if this is the best outcome for the town. C) Is majority rules voting actually best for society? Use facts to support your answer.

2. A) How will the voters vote for putting a statue in the towns common area using the following data? Dollar benefits Tax levied Individuals to individuals $1,525 $1,315 $505 on individuals $1,000 $1,000 $1,000 $1,000 $1,000 Milton Maria Jaime Maynard $845 Kenneth $1,150 B) Explain using cost/benefit analysis if this is the best outcome for the town. C) Is majority rules voting actually best for society? Use facts to support your answer.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter13: Positive Externalities And Public Goods

Section: Chapter Questions

Problem 9RQ: In what ways (it) company investments in research and development create positive externalities?

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What is an externality?
In what ways (it) company investments in research and development create positive externalities?
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