Question

Would a firework show pass a cost benefit analysis for a community? The cost of fireworks would be around $900 dollars. Explain. The decision will be voted on.

Answer 1

$900 is given as the cost of fireworks if it passes the cost benefit Analsis then the utility of the firework must be greatr than the cost of fireworks

If not then it must the utility must be lower thn the cost of fireworks

Public goods are something that is non rival which means that the consumption of one consumer will not affect or bring chnage in the consumption of other and also the govt are under immense pressure because there is a preference variation among the people