Homework Answers
1. a. there would be a tie among the three television series.
2. In a vote between Narcos and Zombie, Narcos would win. Felix and Megan choose Narcos over Zombie, thus majority is with Narcos.
In a vote between Narcos and Marcella, Marcella would win. Janet and Megan choose Marcella over Narcos, thus majority is with Marcella.
3. If Felix agrees to Megan's suggestion, he will get his first choice - False. The winner is Marcella but Felix ranks Marcella as his third choice.
4. Since Felix lies, in a vote between Narcos and Zombie, Zombie would win. In a vote between Zombie and Marcella, Zombie would win.
5. True. If Felix lies, Zombie wins which is his second choice. If he tells truth, Marcella wins which is his third choice. Felix is better off with lying.
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7. Problems and Applications Q7 Three friends are choosing a TV show to watch. Here are...
6. Problems and Applications Q6 Three friends are choosing a restaurant for dinner. Here are their...
6. Problems and Applications Q6 Three friends are choosing a restaurant for dinner. Here are their preferences: Kenji Lucia Paolo First choice Italian Italian Chinese Second choice Chinese Chinese Mexican Third choice Mexican Mexican French Fourth choice French French Italian If the three friends use a Borda count to make their decision, which restaurant do they choose? O French O Mexican O Chinese O Italian On their way to their chosen restaurant, they see that the Mexican and French restaurants...
Question 1 Three friends are choosing a restaurant for dinner. Here are their preferences: Rachel Ross...
Question 1 Three friends are choosing a restaurant for dinner. Here are their preferences: Rachel Ross Joey First choice Italian Italian Chinese Second choice Chinese Chinese Mexican Third choice Mexican Mexican French Fourth choice French French Italian If the three friends use a Borda count to make their decision, where do they go to eat? Italian Chinese Mexican French Question 2 On their way to their chosen restaurant, they see that the Mexican and French restaurants are closed, so they...
please answer all questions 18. We mentioned that the median voter theorem doesn't always work, and...
please answer all questions
18. We mentioned that the median voter theorem doesn't always work, and sometimes a winning policy doesn't exist. This fact has driven economists and political scientists to write thousands of papers and books, both proving that fact and also trying to find good workarounds. The most famous theoretical example of how voting doesn't work is the Condorcet paradox. The Marquis de Condorcet, a French nobleman in the 1700s, wondered what would happen if three voters had...
please answer all questions! 15. When a drought hits a country and a famine is possible,...
please answer all questions!
15. When a drought hits a country and a famine is possible, what probably falls more: the demand for food or the demand for haircuts? Why? Demand for food falls more because people want to eat less during a drought or famine. Demand for haircuts falls more because haircuts are an inferior good compared with food. Demand for food falls more because food is more of a luxury good than haircuts. Demand for haircuts falls more...
dont need help on the first two pictures, only need help underatanding these: number 1,2,3,4,5,6. please help:/...
dont need help on the first two pictures, only need help
underatanding these: number 1,2,3,4,5,6. please help:/
O Yes. The Condorcet winner is never the majority winner Yes. The Condorcet winner is not required to receive over 50% of the possible vote. O No. The Condorcet winner is automatically the majority winner. No. The Condorcet winner always receives over 50% of the possible vote. 7. Using this preference schedule, which candidate is the Condorcet winner? (1 point) number of votes...
8. Problems and Applications Q8 Five roommates are planning to spend the weekend in their dorm...
8. Problems and Applications Q8 Five roommates are planning to spend the weekend in their dorm room watching movies, and they are debating how many movies to watch. Here is their willingness to pay: Willingness to Pay (Dollars) Shen Antonio Dmitri Manuel Jake First film 14 10 8 2 Second film 12 8 4 2 0 Third film 10 2 0 0 Fourth film 6 2 0 0 0 Fifth film 2 0 0 0 0 Buying a DVD costs...
7. Problems and Applications Q7 Three students have each saved $1,000. Each has an investment opportunity...
7. Problems and Applications Q7 Three students have each saved $1,000. Each has an investment opportunity in which he or she can invest up to $2,000. Here are the rates of return on the students' investment projects: Return (Percent) Student Tim Brian Crystal 15 Assume borrowing and lending is prohibited, so each student uses only personal saving to finance his or her own investment project. Complete the following table with how much each student will have a year later when...
please help. show the exact points for the graph. 4. Problems and Applications Q4 An economy...
please help. show the exact points for the graph.
4. Problems and Applications Q4 An economy consists of three workers: Van, Carlos, and Felix. Each works 10 hours a day and can produce two services: mowing lawns and washing cars. In an hour, Van can either mow 1 own or wash 1 car; Carlos can either mow 1 lawn or wash 2 cars, and Felix can either mow 2 lawns or wash 1 For each of the scenarios listed in...
4. Problems and Applications Q4 An economy consists of three workers: Carlos, Felix, and Larry. Each...
4. Problems and Applications Q4 An economy consists of three workers: Carlos, Felix, and Larry. Each works 10 hours a day and can produce two services: mowing lawns and washing cars. In an hour, Carlos can either mow 2 lawns or wash 1 car; Felix can either mow 1 lawn or wash 1 car; and Larry can either mow 1 lawn or wash2 cars. For each of the scenarios listed in the following table, determine how many lawns will be...
Have to show work for every problem 4. A company uses three plants to produce a...
Have to show work for every problem
4. A company uses three plants to produce a new computer chip. Plant A produces 30% of the chips. Plant B produces 45% of the chips. The rest of the chips are produced by plant C. Each plant has its own defectiv rate. These are: plant A produces 3% defective chips, plant B produces 1% defective chips, plant C produces 5% defective chips. Hint: draw a tree diagram. (a) Construct a tree diagram...
6. Problems and Applications Q6 Three friends are choosing a restaurant for dinner. Here are their preferences: Kenji Lucia Paolo First choice Italian Italian Chinese Second choice Chinese Chinese Mexican Third choice Mexican Mexican French Fourth choice French French Italian If the three friends use a Borda count to make their decision, which restaurant do they choose? O French O Mexican O Chinese O Italian On their way to their chosen restaurant, they see that the Mexican and French restaurants...
please answer all questions
18. We mentioned that the median voter theorem doesn't always work, and sometimes a winning policy doesn't exist. This fact has driven economists and political scientists to write thousands of papers and books, both proving that fact and also trying to find good workarounds. The most famous theoretical example of how voting doesn't work is the Condorcet paradox. The Marquis de Condorcet, a French nobleman in the 1700s, wondered what would happen if three voters had...
please answer all questions!
15. When a drought hits a country and a famine is possible, what probably falls more: the demand for food or the demand for haircuts? Why? Demand for food falls more because people want to eat less during a drought or famine. Demand for haircuts falls more because haircuts are an inferior good compared with food. Demand for food falls more because food is more of a luxury good than haircuts. Demand for haircuts falls more...
dont need help on the first two pictures, only need help
underatanding these: number 1,2,3,4,5,6. please help:/
O Yes. The Condorcet winner is never the majority winner Yes. The Condorcet winner is not required to receive over 50% of the possible vote. O No. The Condorcet winner is automatically the majority winner. No. The Condorcet winner always receives over 50% of the possible vote. 7. Using this preference schedule, which candidate is the Condorcet winner? (1 point) number of votes...
8. Problems and Applications Q8 Five roommates are planning to spend the weekend in their dorm room watching movies, and they are debating how many movies to watch. Here is their willingness to pay: Willingness to Pay (Dollars) Shen Antonio Dmitri Manuel Jake First film 14 10 8 2 Second film 12 8 4 2 0 Third film 10 2 0 0 Fourth film 6 2 0 0 0 Fifth film 2 0 0 0 0 Buying a DVD costs...
7. Problems and Applications Q7 Three students have each saved $1,000. Each has an investment opportunity in which he or she can invest up to $2,000. Here are the rates of return on the students' investment projects: Return (Percent) Student Tim Brian Crystal 15 Assume borrowing and lending is prohibited, so each student uses only personal saving to finance his or her own investment project. Complete the following table with how much each student will have a year later when...
please help. show the exact points for the graph.
4. Problems and Applications Q4 An economy consists of three workers: Van, Carlos, and Felix. Each works 10 hours a day and can produce two services: mowing lawns and washing cars. In an hour, Van can either mow 1 own or wash 1 car; Carlos can either mow 1 lawn or wash 2 cars, and Felix can either mow 2 lawns or wash 1 For each of the scenarios listed in...
4. Problems and Applications Q4 An economy consists of three workers: Carlos, Felix, and Larry. Each works 10 hours a day and can produce two services: mowing lawns and washing cars. In an hour, Carlos can either mow 2 lawns or wash 1 car; Felix can either mow 1 lawn or wash 1 car; and Larry can either mow 1 lawn or wash2 cars. For each of the scenarios listed in the following table, determine how many lawns will be...
Have to show work for every problem
4. A company uses three plants to produce a new computer chip. Plant A produces 30% of the chips. Plant B produces 45% of the chips. The rest of the chips are produced by plant C. Each plant has its own defectiv rate. These are: plant A produces 3% defective chips, plant B produces 1% defective chips, plant C produces 5% defective chips. Hint: draw a tree diagram. (a) Construct a tree diagram...
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