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.
===============================================