Its total benefits exceed its total costs

Assignment Help Business Economics

Reference no: EM13833936

If a project is efficient (its total benefits exceed its total costs), would it be possible to allocate the cost of the project in a manner that would provide net benefits to each voter? Why or why not? Explain. Will efficient projects necessarily be favored by a majority of voters? Explain.

Reference no: EM13833936

Questions Cloud

Cost minimization for level of production is equivalent : Cost minimization for a given level of production is equivalent or identical to the concept of product maximization for a given cost level.

Ricardian equivalence implies : Ricardian equivalence implies

Plans to issue new debt to cover any financing needs : Consider the following situation for the US economy and answer the following questions. Suppose there are 10 million people living in the US. in 2013, Obama has to spend $8 per capita in wages to government employees and $2 per capita in government e..

What is the dirty price of this bond : You are buying a bond at a quoted price of $892. The bond has a 7.5 percent coupon and pays interest semi annually on February 1 and August 1. What is the dirty price of this bond if today is April 1. Assume a 360-day year.

Its total benefits exceed its total costs : If a project is efficient (its total benefits exceed its total costs), would it be possible to allocate the cost of the project in a manner that would provide net benefits to each voter? Why or why not? Explain. Will efficient projects necessarily be..

Countrys political-economic environment and risk : What is the relationship between a country’s political/economic environment and risk? What about corruption? Please provide examples to support your post!

What is the deadweight loss : Managerial economics samuelson and marks 7ed. Chapter 8 questions 8 P=35 - 5Q, where Q is the quantity of microchips in millions. The typical firms total cost of producing a chip is Ci=5qi where qi is the output of firm i. What is the deadweight loss..

What are monopolists profit maximizing price-total output : Demand for microprocessors is given by P=35 - 5Q where Qis quantity of microchips in millions. The typical firm’s total cost of producing a chip is Ci=5qi where qi is the output of firm i. Suppose that one company acquires all the suppliers in the in..

Government action is based on majority rule : Government action is based on majority rule, whereas market action is based on mutual consent. The market allows for proportional representation of minorities, but minorities must yield to the views of the majority when activities are undertaken thro..

User Account

All Pages