Suppose each of 20 neighbours on a street values street repairs at R3 000. The cost of the street repair is R40 000. Which of the following statements is true?

Question

Quizplus · Accepted Answer

If each neighbor paid R3 000, the total funds raised would only be R60 000, which is more than the required amount of R40 000. Therefore, it would be more efficient for the government to tax each resident R2 000, which would raise a total of R40 000 needed for repairs. This way, the burden is shared equally among all residents, and the repairs can be completed efficiently.

Suppose Each of 20 Neighbours on a Street Values Street