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

question 97

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 simple majority and all three will cast a vote. $$\begin{array} { | c | c | c | } \hline \text { VOTER } & \text { RESERVATION PRICE } & \text { INCOME } \\\hline \text { Kris } & \$ 100 & \$ 1000 \\\hline \text { Taylor } & \$ 200 & \$ 5000 \\\hline \text { Max } & \$ 700 & \$ 6000 \\\hline\end{array}$$
Suppose that the government accurately knew the three reservation prices and the cost of the public good.To achieve the ideal tax structure and collect no more in tax revenue than $900,each voter should be charged __________ percent of their __________.

• A) 100;reservation price
• B) 70;reservation price
• C) 20;income
• D) 90;reservation price

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Definitions:

Manifest Content

In psychology, specifically in dream analysis, it refers to the literal storyline or surface level content of a dream.

Freudian Terms

Concepts and terminology developed by Sigmund Freud in psychoanalysis, including ideas like the id, ego, and superego.

Latent Content

The hidden psychological meaning of dreams, as opposed to the manifest content, which is the dream's literal storyline.

Cognitive Theory

is a psychological framework that focuses on understanding how people process information, think, and learn, emphasizing internal thoughts and perceptions.