Business, 29.07.2020 01:01 baylabrown

Identifying the median voter Sam, Andrew, and Darnell are roommates who are trying to decide how much money to spend on heat in their apartment each month.

A. Andrew would ideally contribute $15. However, he would prefer contributing $55 to contributing $0 because he does not want to freeze.

B. Sam hates being cold. Therefore, he would ideally like each to contribute $55 to heat, and his utility declines at a constant rate as the roommates decrease the amount of money they spend.

C. Darnell does not care about heat and is on a tight budget. Therefore, he prefers to contribute no money to heat, and his utility declines at a constant rate as the roommates increase the amount of money they spend.

Suppose the three roommates vote on spending either so, $15, or $55 on heat using the Borda count system of voting. That is, each roommate awards three points to his first choice, two points to his second choice, and one point to his third choice

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Identifying the median voter Sam, Andrew, and Darnell are roommates who are trying to decide how mu...

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