Describe a transaction that would benefit all three citizens

Assignment Help Econometrics

Reference no: EM131145227

Fireworks as Public Goods. A three-person city is considering a fireworks display. Bertha is willing to pay $100 for the proposed fireworks display, Marian is willing to pay $30, and Sam is willing to pay $20. The cost of the fireworks display is $120.

a. Will any single citizen provide the display on his or her own?

b. If the cost of the fireworks display is divided equally among the citizens, will a majority vote be in favor of the display?

c. Describe a transaction that would benefit all three citizens.

Reference no: EM131145227

Questions Cloud

What fundamental cost tradeoff plays : What fundamental cost tradeoff plays a key role towards developing an aggregate sales and operations plan? Under what circumstances would cost minimization be equivalent to profit maximization, as the objective in deriving an optimal aggregate plan? ..

Relationship between diversity-media and communication : In your own words What do you think is the relationship between diversity, the media, and communication? How can these three interconnected areas enhance the workplace, in your opinion?

Complete the table indicating whether each item : Complete the table indicating whether each item (1) affects operating (O) activities, investing (I) activities, financing (F) activities, or is a noncash (NC) transaction reported in a separate schedule; and (2) represents a cash inflow or cash outfl..

How charity navigator got started : You have probably watched the video on how Charity Navigator got started, and here is a follow-on article detailing its inception Question Everything Please go back and select one of the five nonprofit's you listed in Topic 1.

Describe a transaction that would benefit all three citizens : If the cost of the fireworks display is divided equally among the citizens, will a majority vote be in favor of the display?

Displays the charges for a patients hospital stay : Write a program that computes and displays the charges for a patient's hospital stay. First, the program should ask patient name and if the patient was admitted as an in-patient or an out-patient.

Which type of the four leadership styles : little more info, the path-goal theory says that leaders behave in four ways. The Directive leader pretty much does what the title says. They direct their employees by showing them what is expected of them, guiding them through it and giving them wor..

Write an essay on corporate governance policy of nbad : Write an essay on Corporate Governance Policy of NBAD in approx 400 Words. Difference in methodology adoption of corporate governance.

Compute and interpret the machine’s cp : Consider a machine that fills soda bottles. The process has a mean of 15.9 ounces and a standard deviation of 0.06 ounces. The specification limits are set between 15.8 and 16.2 ounces. a) Compute and interpret the machine’s Cp b) Compute and interp..

User Account

All Pages