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emmasim [6.3K]
2 years ago
8

Identifying the median voter

Business
1 answer:
melamori03 [73]2 years ago
4 0

Answer:

The median voter here is $55 based on the allocated points in order of preference.

This is the vote that avoids the two extremes of 5 and 7

Explanation:

Voting with the Borda count system of voting:          

                        $0          $15        $55

Andrew            1              3            2

Sam                  1              2            3

Darnell             3             2            1

Total points     5             7            6

The median voter is the selection that is based on choosing the median in a spectrum, so that the extremes are avoided.  In this case, the extremes win points 5 and 4, with the median as 6.

The voting was done by using the Borda count system of voting.  With this system, points are allocated based on personal preferences.  The preference that is favored most is given the highest point, and so on.  This implies that the preference that is least favoured is given the lowest point.

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when the market demand curve crosses the long-run average total cost curve where average total costs are declining, the firm is
cluponka [151]

Answer: Natural monopoly

Explanation:

A natural monopoly is a form of monopoly that comee into being due to huge start-up costs and also economies of scale. A firm that has a natural monopoly may be the only producer of a particular good or service.

A natural monopoly occurs when the long-run average total cost curve is crossed by the markwt demand curve when the average total costs are still diminishing.

5 0
2 years ago
Barry and his friends tended to favor a tuition increase that would be used to improve technological facilities. After discussin
swat32

Answer:

group polarization

Explanation:

Group polarization: In social psychology, the term "group polarization" is described as the propensity for a specific group to make a few decisions that are considered as more extreme as compared to the initial inclination of the group's members. However, group polarization occurs either in the direction of conservativeness or riskiness.

In the question above, the given statement represents group polarization.

8 0
3 years ago
Other things remaining the same, if the price of a , budget line ______. other things remaining the same, if budget for and , bu
Karo-lina-s [1.5K]

1. Other things remain the same if the price of a budget line increases then the budget line will tilt inwards from the intercept of the goods whose price is constant.

2. other things remaining the same, if the budget for and, budget line a change in the Income of Consumer.

The budget line will move to the right to the new location as a result of the price of good X declining, the consumer's income being constant, and the price of Y increasing. If the price of good X increases while the price of good Y and income remain unchanged, the budget line will go up.

A budget line is a line that specifies the upper and lower bounds of permissible consumption and is based on the SUPPLY and DEMAND of goods and services from the customer. Budget, Prices, Demand, Prices Budget, Prices, Demand, Prices He has $1.00 to spend each week on coffee and Coke, and he has a total of $12.00 to spend on these items.

Learn more about the budget line and price of goods here:

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7 0
1 year ago
How Each Economic Type Answers<br> the Three Economic Questions
Helga [31]
Uhhh well how much Equity has been profitable and it’s usually around 10 percent
4 0
3 years ago
The following information relates to a product produced by Faulkland Company:
kvv77 [185]

Answer:

$305,000 increased

Explanation:

As the total unit cost is given i.e $23

And, the customer has offered to buy 61,000 units at $22 each

In the case of special order, the effect on operating profits is

= Difference of cost × number of units to be offered for buying

= $5 × 61,000 units

= $305,000 increased

The difference is

= Buying price offered - direct material per unit - direct labor per unit - variable overhead per unit

= $22 - $8 - $5 -$4

= $5

The selling cost is not included. Hence, ignored it

4 0
3 years ago
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