Government Operations Scenario: A community project (public good) will cost $2,500 and will benefit the five members of the community as follows: Resident Individual Benefit Cost Share A 800.00 500.00 B 800.00 500.00 C 300.00 500.00 D 350.00 500.00 E 450.00 500.00.
1. Is the project economically feasible?
2. Would the project be approved by a majority of the referendum?
3. Does the project meet the Pareto criterion?