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Kris, Taylor and Max Are the Only Three Residents in a Neighborhood

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Kris, Taylor and Max are the only three residents in a neighborhood. A public good that would benefit all of them has a one-time installation cost of $900. The value of the public good to each resident is shown in the table below. Any tax plan must be approved by simple majority.  Resident  Reservatim Price  Incame  Kris $100$1,000 Taylor $200$5,000 Max $700$6,000\begin{array} { | c | c | c | } \hline { \text { Resident } } & \text { Reservatim Price } & \text { Incame } \\\hline \text { Kris } & \$ 100 & \$ 1,000 \\\hline \text { Taylor } & \$ 200 & \$ 5,000 \\\hline \text { Max } & \$ 700 & \$ 6,000 \\\hline\end{array}  
If the government proposes to pay for the public good with a proportional income tax of 8 percent, then:


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