1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
d1i1m1o1n [39]
3 years ago
5

Let's go back to explaining the survey data in which 60 % chose Edwards over Obama, 60 % chose Edwards over Clinton, 60% chose C

linton over Obama and then when asked to cast a one of the three candidates, 45 % chose Clinton, 30 % Obama, and 25% Edwards. single vote for (1) Prove that it is not possible that all voters are rational (have transitive preferences.) (2) Suppose now that the distribution of votes was not 45% chose Clinton, 30% Obama , and 25 % Edwards but 38% Clinton, 32% Obama and 30% Edwards; pairwise data remains unchanged. Prove that it is possible now that all voters are rational (have transitive preferences) and calculate the percentage of votes for each of the six different orderings of the three candidates.
Business
1 answer:
Andreas93 [3]3 years ago
4 0

Answer:

Explanation:  

1) The ratio of Edwards to Obama = 60% : 40%, that is, 3 : 2

The ratio of Edwards to Clinton = 60% : 40%, that is, 3 : 2

Also, the ratio of Clinton to Obama = 60% : 40%, that is, 3 : 2

From the above statements the ratio of Edwards, Clinton and Obama, should reflect as follow in that order  5 : 4 : 3, showing that it is not possible that all voters are rational.

2) If  the votes were to be 38% Clinton, 32% Obama and 30% Edwards,that is, in a ratio of 19 : 16 : 15 respectively, it is rational based on the preceding illustration, but it could have been higher for Edwards to Clinton becuase Edwards had higher votes when compared to Clinton and Obama seprately.  

You might be interested in
Based on his​ preferences, Bill is willing to trade 4 movie tickets for 1 ticket to a basketball game. If movie tickets cost $8
nexus9112 [7]

Answer:

The correct option is option e)

not trade movie tickets for basketball tickets because his marginal utility per dollar spent on movie tickets is greater than his marginal utility per dollar spent on basketball tickets.

Explanation:

The cost of one movie ticket is $8 then Bills' four tickets will be $32.

The cost of a basketball ticket is $28.

Therefore if bill should trade 4 movie tickets for a basketball ticket he will make a loss of $ 4 so it is advisable for bill not to trade movie ticket for basketball ticket. And again his marginal utility per dollar spent on movie tickets is greater than his marginal utility per dollar spent on basketball tickets.

6 0
3 years ago
An American car maker and a Japanese car maker have entered into a strategic alliance. Both have valuable technology that the ot
harina [27]

Answer:

You so good I just got home from teowywyiwowywb jaiwjsisksn jsksksns. S

Explanation: of how ueowhsjsjajsj jaksksk

Ikieisjskksjw

8 0
3 years ago
List three examples of fossil fuels are
lorasvet [3.4K]

Answer:

i Will help

Explanation:

dinosaur ones

Turtle ones and

fish fossils

your welcome my buddy

5 0
2 years ago
Read 2 more answers
A __<br>includes all types of college.<br>FREE​
PIT_PIT [208]
If I am correct your missing answer is Post Secondary Education
3 0
3 years ago
Read 2 more answers
Why might working in a commission basis make dealing with finances more difficult?
jeyben [28]
<span>Working on a commission basis may make dealing with finances more difficult because one is not on a regular salary. A commission means you only get paid for a sale or a completed task. If you do not sell enough, or fail to complete enough tasks, your income may be reduced. Thus, planning your finances becomes difficult.</span>
5 0
3 years ago
Other questions:
  • Crunch Lite produces six different flavors of sugar-free cookies for the diabetic population. The company also produces a large
    13·1 answer
  • What schooling do you need to be a preschool teacher
    14·2 answers
  • What can you expect when you ask clients for testimonials?
    8·1 answer
  • Wellington Corp. has outstanding accounts receivable totaling $1.27 million as of December 31 and sales on credit during the yea
    11·2 answers
  • Which of these are disadvantages of self-employment?
    12·1 answer
  • What is the approximate yield to maturity and the exact yield to maturity (use a calculator) for the $1,000 semi-annual bond? As
    8·1 answer
  • Green Roof Foods currently has a debt-to-equity ratio of .63, its cost of equity is 13.6 percent, and its pretax cost of debt is
    11·1 answer
  • Tom is responsible for ordering hardware for a custom home his company is building. The contractor installing the hardware is sc
    10·1 answer
  • During the first two years, ABC drove the company truck 15,000 and 22,000 miles, respectively, to deliver merchandise to its cus
    11·1 answer
  • what do risk managers need to do to help their company successfully launch a new product ? (is the new product going to be a WIN
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!