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

---

Definitions:

Discrete Output Module

An output module in PLCs and other control systems that deals with discrete (on/off) signals, controlling various devices based on program logic.

Analog Output Module

An output circuit that employs a digital-to-analog converter to convert a digital value, sent from the processor, to an analog value that will control a connected analog device.

Temporary Storage

A form of data storage used for holding information temporarily during the execution of programs, such as RAM (Random Access Memory).

RAM

Random Access Memory is a type of computer memory that can be accessed randomly to store data temporarily for quick access by a computer's processor.