1. A town is considering building a new park open to the public to be financed fully by a one-time contribution among all residents willing to donate. It has polled

its residents and estimated that the population of 750,000 is divided into three groups, members of which would individually be willing to pay the following amounts for the park: a. If the park can be built for P15 million, should it be? b. If the cost is P15 million, and if the only way to pay for the park is to divide its cost equally among the entire population, would a majority vote for it? c. If the town administrator decides that the park will be financed equally among residents but only by those willing to pay, will the collected funds be enough to cover the cost ?