Question asap Problems 1. Jesse, Matthew, and Jonathan have been appointed to serve on the decision committee for the fourth grade class. They will decide the field trip plans for the fourth grade this year. Choice Jesse Preferences Matthew Jonathan First с B А Choice A - low cost trip to visit city goverment office Choice B - medium cost trip to visit county government office Choice C - high cost trip to visit state government office Second А с B Third B A C What is the outcome of majority voting? Assuming individual's preferences obey transitivity, will that be true of the majority vote? Explain. Thelma and Louise are neighbors. During the winter, it is impossible for a snowplow to clear the street in front of Thelma's house without clearing the front of Louise's. Thelma's marginal benefit from snowplowing services is 50 - 52, where Z is the number of times the street is plowed. Louise's marginal benefit is 30 - 32. The constant) marginal cost of getting the street plowed is $32. Sketch the aggregate marginal benefit curve and the marginal cost curve, calculate the efficient number of plows, and identify the efficient point in your graph. Aggregate MB

LL8JY1 The Asker · Advanced Mathematics

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Transcribed Image Text: Problems 1. Jesse, Matthew, and Jonathan have been appointed to serve on the decision committee for the fourth grade class. They will decide the field trip plans for the fourth grade this year. Choice Jesse Preferences Matthew Jonathan First с B А Choice A - low cost trip to visit city goverment office Choice B - medium cost trip to visit county government office Choice C - high cost trip to visit state government office Second А с B Third B A C What is the outcome of majority voting? Assuming individual's preferences obey transitivity, will that be true of the majority vote? Explain. Thelma and Louise are neighbors. During the winter, it is impossible for a snowplow to clear the street in front of Thelma's house without clearing the front of Louise's. Thelma's marginal benefit from snowplowing services is 50 - 52, where Z is the number of times the street is plowed. Louise's marginal benefit is 30 - 32. The constant) marginal cost of getting the street plowed is $32. Sketch the aggregate marginal benefit curve and the marginal cost curve, calculate the efficient number of plows, and identify the efficient point in your graph. Aggregate MB
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Transcribed Image Text: Problems 1. Jesse, Matthew, and Jonathan have been appointed to serve on the decision committee for the fourth grade class. They will decide the field trip plans for the fourth grade this year. Choice Jesse Preferences Matthew Jonathan First с B А Choice A - low cost trip to visit city goverment office Choice B - medium cost trip to visit county government office Choice C - high cost trip to visit state government office Second А с B Third B A C What is the outcome of majority voting? Assuming individual's preferences obey transitivity, will that be true of the majority vote? Explain. Thelma and Louise are neighbors. During the winter, it is impossible for a snowplow to clear the street in front of Thelma's house without clearing the front of Louise's. Thelma's marginal benefit from snowplowing services is 50 - 52, where Z is the number of times the street is plowed. Louise's marginal benefit is 30 - 32. The constant) marginal cost of getting the street plowed is $32. Sketch the aggregate marginal benefit curve and the marginal cost curve, calculate the efficient number of plows, and identify the efficient point in your graph. Aggregate MB