Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Economics


Home >> Microeconomics

Question: Answer the questions regarding the Condorcet paradox for the three sets of voting preferences below.

517_7.png

a. If voters must choose between A and B, what are the percentages of votes that each outcome receives and which outcome wins?

b. If voters must choose between Band C, what are the percentages of votes that each outcome receives and which outcome wins?

c. If voters must choose between C and A, what are the percentages of votes that each outcome receives and which outcome wins?

d. Do these preferences exhibit transitivity? Explain.

e. If the voters choose between A and B and then compare to C, which outcome wins?

f. If the voters choose between Band C and then compare to A, which outcome wins?

g. If the voters· choose between A and C then compare to B, which outcome? wins.

h. Does the order in which items are voted on matter in this case? Why?

421_8.png

a. If voters must choose between A and B, what are the percentages of votes that each outcome receives and which outcome wins?

b. If voters must choose between B and C what are the percentages of votes that each outcome receives and which outcome wins?

c. If voters must choose between C and A, what are the percentages of votes that each outcome receives and which outcome wins?

d. Do these preferences exhibit transitivity? Explain.

e. If the voters choose between A and B and then compare to C, which outcome wins?

f. If the voters choose between Band C and then compare to A, which outcome wins?

g. If the voters choose between A and C and. then compare to, which outcome wins?

h. Does the order in which items are voted on matter in this case? Why or why not?

1255_9.png

a. If voters must choose between A and B what are the percentages of votes that each outcome receives and which outcome wins?

b. If voters must choose between Band C, what are the percentages of votes that each outcome receives and which outcome wins?

c. If voters must choose between C and A, what are the percentages of votes that each outcome receives and which outcome wins?

d. Do these preferences exhibit transitivity? Explain.

e. If the voters choose between A and B and then compare to C, which outcome wins?

f. If the voters choose between Band C and then compare to A, which outcome wins?

g. If the voters choose between A and C and then compare to B, which outcome wins?

h. Does the order in which items are voted on matter in this case? Why or why not?

I. Is the winning outcome the first choice of a large portion of the population? How can this be?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M92409281
  • Price:- $20

Priced at Now at $20, Verified Solution

Have any Question?


Related Questions in Microeconomics

Question checks and balancesprofessor fiorina argues that

Question: Checks and Balances Professor Fiorina argues that checks and balances cause gridlock in the US political system. However, one of the goals of the Constitution was to allow political minorities to prevent abuses ...

Question in the globalizing economy of the late 20th and

Question: In the globalizing economy of the late 20th and early 21st centuries, liberalized trade has been sought by way of regional trade agreements and broader global trade liberalization. The policy choice between the ...

Question - based on the harvard business review article

Question - Based on the Harvard business review article titled - A Payment Model That Prevents Unnecessary Medical Treatment answer the following questions: You are 64 years old and have been diagnosed with advanced arth ...

Question in a certain market demand isq 2000 - 100pcannot

Question: In a certain market demand is Q = 2000 - 100P, cannot produce more than 10 units. No other sellers may enter the market. a. Draw the demand and supply curves and find the equilibrium price, quantity, and profit ...

Question electric utilities in california often make

Question: Electric utilities in California often make exchanges of power with utilities in the Pacific Northwest because their time patterns of consumption differ. California peaks in summer to meet air conditioning load ...

Question give an orginal concise but thorough answer to the

Question: Give an orginal concise but thorough answer to the following questions. a. Define social responsibility. How does this view of the role of business differ from your previous perceptions? How is it consistent wi ...

Question assume the government was paying 500000 people an

Question: Assume the government was paying 500,000 people an average of $10,000 per year for unemployment benefits. (A) Under the new regime to end welfare, all these people are hired by the government to perform various ...

Question in 1998 brazil had a per capita gdp of about 4500

Question: In 1998, Brazil had a per capita GDP of about $4,500, compared to per capita GDP of about $28,000 in the US. (A) If per capita growth were to average 2% per year indefinitely in the US and 5% per year in Brazil ...

Question in the grim trigger example of the text show that

Question: In the grim trigger example of the text, show that if the discount rate is low enough it pays the potential cheater to adhere to the agreement for two (or more) periods rather than break it in the first period. ...

Question explain why a perfectly competitive firm generally

Question: Explain why a perfectly competitive firm generally does not maximize its profit by producing the output at which average cost is minimized. The response must be typed, single spaced, must be in times new roman ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As

Follow Us

© Copyright 2013-14 mywordsolution.com All rights reserved