Homework Clinic
Social Science Clinic => Economics => Macroeconomics => Topic started by: blinding37 on Nov 23, 2022
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Suppose 1,700 people will get a benefit of $20 from a public dog park. If the cost of building the park is $54,000, is the park efficient? To cover the price of the park, the government decides to give each person who contributes a code to enter the park. What will each person need to contribute to cover the cost? Assume the public dog park will only be used for one year. Please round your final answer to two decimal places.
◦ no, $31.76
◦ yes, $2,700.00
◦ no, $2,700.00
◦ yes, $31.76
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no, $31.76