Question

The simple majority decision rule may generate results that are

Answer 1

Answer:

Efficient when the marginal benefits of project = marginal costs of project.

Explanation:

Majority Decision Rule:

Majority decision rule is based on the notion of equality. An alternative is selected which has majority of votes. The simple majority decision rule may generate efficient results if the marginal benefits of a project are equal or greater than the marginal costs of the project.