A public good that would benefit Karen,Tammy,and Max has a one time installation cost of $900.These three voters must approve any tax plan by simple majority and all three will cast a vote. $$\begin{array} { | c | c | c | }
\hline \text { VOTER } & \text { RESERVATION PRICE } & \text { INCOME } \
\hline \text { Kris } & \$ 100 & \$ 1000 \
\hline \text { Taylor } & \$ 200 & \$ 5000 \
\hline \text { Max } & \$ 700 & \$ 6000 \
\hline
\end{array}$$
Suppose that the government accurately knew the three reservation prices and the cost of the public good.To achieve the ideal tax structure and collect no more in tax revenue than $900,each voter should be charged __________ percent of their __________.

Question

A public good that would benefit Karen,Tammy,and Max has a one time installation cost of $900.These three voters must approve any tax plan by simple majority and all three will cast a vote. $$\begin{array} { | c | c | c | } 
\hline \text { VOTER } & \text { RESERVATION PRICE } & \text { INCOME } \
\hline \text { Kris } & \$ 100 & \$ 1000 \
\hline \text { Taylor } & \$ 200 & \$ 5000 \
\hline \text { Max } & \$ 700 & \$ 6000 \
\hline
\end{array}$$
Suppose that the government accurately knew the three reservation prices and the cost of the public good.To achieve the ideal tax structure and collect no more in tax revenue than $900,each voter should be charged __________ percent of their __________.

Quizplus · Accepted Answer

The Answer of A public good that would benefit Karen,Tammy,and Max has a one time installation cost of $900.These three voters must approve any tax plan by simple majority and all three will cast a vote. $$\begin{array} { | c | c | c | } 
\hline \text { VOTER } & \text { RESERVATION PRICE } & \text { INCOME } \
\hline \text { Kris } & \$ 100 & \$ 1000 \
\hline \text { Taylor } & \$ 200 & \$ 5000 \
\hline \text { Max } & \$ 700 & \$ 6000 \
\hline
\end{array}$$
Suppose that the government accurately knew the three reservation prices and the cost of the public good.To achieve the ideal tax structure and collect no more in tax revenue than $900,each voter should be charged __________ percent of their __________.

A Public Good That Would Benefit Karen,Tammy,and Max Has a One