A community public works project will cost $ 55,000 dollars and will benefit 5 different individuals : 1 . Is this project economically feasible ? Show work in an excel spreadsheet that lists the benefit for each individual . 2 . Would this project be approved by a majority at a majority at a referendum ? 3 . Does the project meet the Pareto efficiency improvement criterion ? 4 . If possible , revise the cost shares to allow the project to meet the Pareto criterion and to pass a referendum .