A community-based public works project costing $55,000 will benefit 5 separate individuals as shown below:
Individual #, Benefit ($), Cost Share ($)
2 $5,000 $4,500
3 $4,000 $5,000
4 $20,000 $18,000
5 $25,000 $25,500
In an Excel spreadsheet, show whether this project is economically feasible. Would a majority approve this project (explain)? Does the project meet Pareto efficiency criterion (explain)? Revise the cost shares to meet Pareto criterion and get the referendum passed by a majority vote.© BrainMass Inc. brainmass.com October 25, 2018, 9:12 am ad1c9bdddf
See excel attached.
1. The overall benefit is $500 which is not a great ...
A sentence explains each and an excel chart shows the initial benefits vs. cost and then the optimized one.
Social Security Act of 1935 Reference
Locate a scholarly resource that talks about the Social Security Act of 1935 an how this 1935 Social Security act encouraged individual initiative and saving, in hopes of decreasing inefficiency, laziness, and dependency. Also briefly discuss the Social Security Act of 1935.View Full Posting Details