Week_7_Problem_social program

Week_7_Problem_social program - $25,000 $25,500 1 Is this...

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AC556 Week 7 Problem Benefits of Social Programs NOTE: It is expected that this problem will be completed using an Excel spreadsheet using formulas. Please see the Excel Tutorial that is available under the course home tab. A community public works project will cost $55,000 dollars and will benefit 5 different individuals: Individual Individual Benefit ($) Cost Share ($) 1 $1,000 $1,500 2 $5,000 $4,500 3 $4,000 $5,000 4 $20,000 $18,000 5
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Unformatted text preview: $25,000 $25,500 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....
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