What are the total costs and benefits of proposed policy

Reference no: EM132121664

Question: Say that the government is considering a ban on smoking in restaurants in Tobaccoville. There are 1 million people living there, and each would benefit by $200 from this smoking ban. However, there are two large tobacco companies in Tobaccoville and the ban would cost them $5 million each. What are the total costs and benefits of this proposed policy? Do you think it will be passed?

Reference no: EM132121664

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What are the total costs and benefits of proposed policy : Say that the government is considering a ban on smoking in restaurants in Tobaccoville. There are 1 million people living there, and each would benefit by $200.

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