The consistency of offering “middle of the road” platforms with the median voter and rational ignorance concept. Concept Introduction: Rational ignorance is the decision that maximizes the utility to remain ignorant on a particular topic. If the action outweighs the opportunity cost of other actions then the decision is taken and if the cost remains short then the decision is not taken. There exist a theorem of median voters that states that “a majority rule voting system will select the outcome most preferred by the median voter".

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3. St Louis area voters recently approved a tax on sales of recreational marijuana. Who would you expect to pay for this tax from an economic perspective - buyers or sellers? Include graphical analysis in your response.

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Chapter 16, Problem 6P

To determine

The consistency of offering “middle of the road” platforms with the median voter and rational ignorance concept.

Concept Introduction:

Rational ignorance is the decision that maximizes the utility to remain ignorant on a particular topic. If the action outweighs the opportunity cost of other actions then the decision is taken and if the cost remains short then the decision is not taken. There exist a theorem of median voters that states that “a majority rule voting system will select the outcome most preferred by the median voter".

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