Table 22-13 the Fortunate Residents of Anytown Have a Budget Surplus. the Surplus

question 32

Multiple Choice

Table 22-13
The fortunate residents of Anytown have a budget surplus. The mayor decided that it is only fair to have the residents vote on what to do with the surplus. The mayor has narrowed the options down to three possible projects: a playground, a library, or a swimming pool. The voters fall into three categories and have preferences as illustrated in the table.

-Refer to Table 22-13.If the mayor asks the residents to choose between the library and the swimming pool using pairwise voting,

• A) the library wins by 30%.
• B) the library wins by 65%.
• C) the swimming pool wins by 10%.
• D) the swimming pool wins by 35%.

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Definitions:

Fixed Costs

Expenses that do not change regardless of the level of production, like leases and salaries.

Peak-period Demand

Refers to higher demand for products or services during certain periods, often influenced by seasons, holidays, or specific events.

Electric Power Plant

A facility that generates electricity through various means like coal, natural gas, nuclear energy, or renewable sources.

Kilowatt-hours

A unit of energy measurement equivalent to one kilowatt of power expended for one hour, commonly used to measure electricity consumption.