Three longtime friends-Linda, Stella, and Lydia-are deciding how they will spend their Sunday afternoon. They all agree that they should do one of the three things go to a comedy club, play soccer, or go to a tennis tournament. They also agree that they will have two pairwise votes to determine how to spend their aftemoon, with the majority determining the outcome on each vote. The first, second, and third choices for each person are as indicated in the following table. Linda First choice tennis tournament Second choice soccer Third choice. comedy club Stella soccer comedy club tennis tournament Lydia comedy club tennis tournament soccer Refer to Table 23-2. Ir (1) the first vote pits "tennis tournament against "comedy club," and (2) the second vote pits "soccer against the winner of the first vote, then the outcome is as follows: ⒸA "Tennis tournament" wins the first vote and "tennis tournament" wins the second vote, so they go to a tennis tournament B. "Tennis tournament" wins the first vote and "soccer" wins the second vote, so they play soccer. OC "Comedy club" wins the first vete and "comedy clab" wins the second vote, so they go to a tennis tournament. CD. "Comedy club" wins the first vote and "soccer" wins the second vote, so they play soccer
Three longtime friends-Linda, Stella, and Lydia-are deciding how they will spend their Sunday afternoon. They all agree that they should do one of the three things go to a comedy club, play soccer, or go to a tennis tournament. They also agree that they will have two pairwise votes to determine how to spend their aftemoon, with the majority determining the outcome on each vote. The first, second, and third choices for each person are as indicated in the following table. Linda First choice tennis tournament Second choice soccer Third choice. comedy club Stella soccer comedy club tennis tournament Lydia comedy club tennis tournament soccer Refer to Table 23-2. Ir (1) the first vote pits "tennis tournament against "comedy club," and (2) the second vote pits "soccer against the winner of the first vote, then the outcome is as follows: ⒸA "Tennis tournament" wins the first vote and "tennis tournament" wins the second vote, so they go to a tennis tournament B. "Tennis tournament" wins the first vote and "soccer" wins the second vote, so they play soccer. OC "Comedy club" wins the first vete and "comedy clab" wins the second vote, so they go to a tennis tournament. CD. "Comedy club" wins the first vote and "soccer" wins the second vote, so they play soccer
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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