According to the Median Voter Theorem, What Percentage of the Tax

question 274

Multiple Choice

According to the median voter theorem, what percentage of the tax dollars will be spent on the military under the following conditions:
25% of voters want to spend 20% of their tax dollars on the military;
20% of voters want to spend 15% of their tax dollars on the military;
15% of voters want to spend 10% of their tax dollars on the military; and
10% of voters want to spend 5% of the tax dollars on the military; while
30% of voters do not want to spend any tax dollars on the military.

• A) 0%
• B) 5%
• C) 10%
• D) 20%

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Definitions:

Average Total Cost

The total cost of production divided by the number of units produced, representing the per unit cost of production.

Product Curve

A graphical representation showing the rate of output production for varying levels of one input while holding other inputs constant, often used in the context of the production function.

Innovation

The act of introducing something new or developing an improved version of a product, service, or process.

Invention

The creation of a new product, process, or idea that did not exist previously.