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

question 85

Multiple Choice

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 a simple majority and all three will cast a vote.
-Refer to the information above.Since the government does not know,and cannot discover,the voters' reservation prices,it proposes a head tax of $300 per voter.The result of the referendum is that

• A) the tax is accepted and the public good is provided.
• B) Max votes for the tax but Karen and Tammy vote against it and the tax is not accepted.
• C) Max votes for the tax,Karen votes against it but Tammy's vote is uncertain.
• D) all three voters vote against the tax.
• E) only Max casts a vote and the tax is accepted.

Identify and correct grammatical fragments in sentences.

Identify and correct run-on sentences.

Identify and correct comma splices in sentences.

Distinguish between correctly and incorrectly punctuated sentences.

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Definitions:

Product-variety Externality

An economic effect where the variety of products available in the market impacts the welfare of consumers, often positively.

Efficient Scale

The level of production at which average total costs are minimized, indicating the most cost-effective scale of operation.

Marginal Cost

The expenditure required to produce one more unit of a particular product or service.

Monopolistically Competitive

A market structure characterized by many firms, differentiated products, and free entry and exit, allowing firms some control over price while still competing on quality, branding, and price.