SophiaPretty

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About SophiaPretty

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    Strayer,Devery,Harvard University
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Category > Business & Finance Posted 02 Sep 2017 My Price 8.00

Ten farmers, in a society with 100 people,

 

Ten farmers, in a society with 100 people, would collectively gain $100,000 from a farm subsidy. All 100 people would pay the $300,000 cost of the subsidy program. Are the farmers willing to lobby the government in support of the subsidy?

No, the benefits of $100,000 are less than the cost of $300,000.
No, the benefits of $10,000 per farmer are less than the costs of $300,000.
Yes, the benefits of $10,000 per farmer exceed the costs of $3,000 per person.
Yes, regardless of the cost, the farmers are supportive of any subsidy with benefits.

Answers

SophiaPretty
(5)
Status NEW Posted 02 Sep 2017 09:09 AM My Price 8.00

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