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2 years ago

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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shusha [124]

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Data and Calculations:

Selling price per pound of T-bone steaks = $2.40

Split-off costs = $1.60

Profit per pound =$0.80 ($2.40 - $1.60)

6-ounce filet mignon = 0.375 pounds (6/16)

8-ounce New York cut = 0.5 pounds (8/16)

Further processing costs = $0.19

New sales prices after further processing:

Filet Mignon = $1.35 ($3.60 x 0.375)

New York cuts = $1.65 ($3.30 x 0.5)

Total price per pound = $3.00

Total cost after further processing = $1.79 ($1.60 + $0.19)

Profit per pound after further processing = $1.21 ($3.00 - $1.79)

Financial advantage from further processing = $0.41 ($1.21 - $0.80)

Thus, the financial advantage of further processing one T-bone steak into Filet Mignon and New York cut steaks is $0.41 per pound.

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2 years ago

Global temperature trends can be inferred from changes in

Olin [163]

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3 years ago

Consider this scenario: in response to an increase in the product's price, producers of mp3 players have increased the quantity

kvv77 [185]

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3 years ago

Heavy Products, Inc. developed standard costs for direct material and direct labor. In 2017, AII estimated the following stand

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Answer:

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Explanation:

Giving the following information:

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3 years ago

If the price of Italian shoes imported into the United States increases, then a. both the GDP deflator and the consumer price in

goldfiish [28.3K]

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