PRINCIPLES OF MICROECONOMICS (OER)
PRINCIPLES OF MICROECONOMICS (OER)
2nd Edition
ISBN: 9781947172340
Author: Timothy Taylor, Steven A. Greenlaw
Publisher: OpenStax
Textbook Question
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Chapter 18, Problem 7SCQ

Suppose there is an election for Soft Drink Commissioner. The field consists of one candidate hunt the Pepsi petty and four from the Coca-Cola party. This would seem to indicate a strong preference for Coca-Cola among the voting population, but the Pepsi candidate ends up winning in a landslide. Why does this happen?

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What is meant by limited and bundled choice when voting on a bill or candidate?
Which of the following is true? a. Arrow’s Impossibility Theorem states that There is no voting method that will satisfy a reasonable set of fairness criteria when there are three or candidates. b. Gibbard-Satterthwaite's theorem states that there is a voting method is completely resistant to strategic voting. c. None of the given choices d. May's Theorem states that the majority method will always have a winner.
Problem 2. The planning committee for a renewable energy trade show is trying to decide what city to hold their next show in. The votes are shown below. Numbers of Voters 9 19 11 8 1st choice Buffalo Atlanta Chicago Buffalo 2nd choice Atlanta Buffalo Buffalo Chicago 3rd choice Chicago Chicago Atlanta Atlanta   How many voters voted in this election? How many votes are needed for a majority? A plurality? Find the winner under the plurality method. Find the winner under the Borda Count Method. Find the winner under the Plurality with Elimination method. Find the winner under the Pairwise Comparison Voting method.

Chapter 18 Solutions

PRINCIPLES OF MICROECONOMICS (OER)

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