The county supervisor decides that a new community swimming pool should be constructed based on the projected construction and operating expenses as well as estimates of how much residents would be willing to pay for the pool.This approach reflects:

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The approach described involves weighing the costs and benefits of building a new swimming pool, which is a key component of cost-benefit analysis. Contingent valuation involves asking people directly what they would be willing to pay for a particular service or product, while revealed preference valuation involves observing how people actually spend their money to determine their preferences. Social discounting involves considering the effects of policies on future generations. While these concepts may also be relevant to the decision to build a swimming pool, they are not directly reflected in the approach described.

The County Supervisor Decides That a New Community Swimming Pool