Kris, Taylor and Max are the only three residents in a neighborhood. A public good that would benefit all of them has a one-time installation cost of $900. The value of the public good to each resident is shown in the table below. Any tax plan must be approved by simple majority.
If the government proposes to pay for the public good with a head tax of $300 per resident, then
A) all three will vote in favor of the tax.
B) Max will vote in favor of the tax, but Kris and Taylor will vote against it.
C) Max will vote against the tax, but Kris and Taylor will vote in favor of it.
D) all three residents will vote against the tax.
Correct Answer:
Verified
Q48: Suppose the market consists of 3 individuals:
Q49: If voters A, B, and C have
Q50: The small city of Pleasantville is
Q51: Suppose the market consists of 3 individuals:
Q52: Kris, Taylor and Max are the
Q54: Suppose a study that finds that the
Q55: Kris, Taylor and Max are the
Q56: To derive the market demand curve for
Q57: Suppose the market consists of 3 individuals:
Q58: Suppose the market consists of 3 individuals:
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents