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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.