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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.  

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Answer:

Bell inc should report $980,000 as the total amount of inventory at the end of the year.

Explanation:

Given information -

Inventory that were on hands - $830,000

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Here for taking out the total inventory all of the given above items would be added .

Inventory that was in transit would be added because these f.o.b. goods would be considered transferred from seller to buyer as soon as they are shipped, so it doesn't matter if they're received two days after the inventory count , they will be added.

Goods which are sent on consignment would also be added because goods would remain in the name of consignor ( Bell inc ) until they're sold by consignee ( an agent who has been hired by Bell inc to sell its goods )

Inventory at end of year - $830,000 + $60,000 + $90,000

                = $980,000

6 0
4 years ago
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3 years ago
If you are a director of a tea company, what will you do with functional management (POLC)? You are required to make a detail pl
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Answer:

b. a representation of a theory or a part of a theory

Explanation:

A model is different from theory because is a more applied and empirical representation of a situation while the theory is more abstract. An economic model is a simplified prediction of a complex and real economic behavior, it uses variables to analyze different scenarios, it also uses logical and quantitative relationships between economic processes, is usually mathematical. <em>The results of these models can lead to a new investigation, theorization or to prove theories.</em>

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