Benefits of Social Programs
A community public works project will cost $ 55,000 dollars and will benefit 5 different individuals :
1 . Is this project economically feasible ? Show work in an excel spreadsheet that lists the benefit for each individual .
2 . Would this project be approved by a majority at a majority at a referendum ?
3 . Does the project meet the Pareto efficiency improvement criterion ?
4 . If possible , revise the cost shares to allow the project to meet the Pareto criterion and to pass a referendum .
===============================================