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Make a preference table for the given voting situation.
-The Mathematics Department is holding an election for department chair. Each member ranks the Candidates from first to third. The preference table below shows the results of the ballots with Candidates Clark (C) , Jones (J) , and Smith (S) .
Determine the winner using the Borda count method and if the winner received a majority of first Place votes.
Normal Goods
Goods for which demand increases as consumer income rises, holding prices constant.
Steak
A cut of meat, typically beef, that is sliced perpendicular to the muscle fibers.
Price-Consumption Curves
Graphical lines that show how a consumer's optimal bundle of goods changes as the price of one good changes, holding everything else constant.
Engel Curves
Graphical representations showing how household expenditure on a good varies with income.
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