The Results of an Election Are Summarized in the Following

question 30

Multiple Choice

The results of an election are summarized in the following preference table. Determine the winner using the plurality method.
$\begin{array}{l|cccc}\text { Number of votes } & 3 & 7 & 7 & 8 \\\hline \text { First choice } & \mathrm{K} & \mathrm{L} & \mathrm{K} & \text { J } \\\text { Second choice } & \text { L } & \text { K } & \text { J } & \text { K } \\\text { Third choice } & \text { J } & \text { J } & \text { L } & \text { L }\end{array}$

• A) J
• B) Tie between K and L
• C) L
• D) K

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Definitions:

Labor Supply Data

Information and statistics related to the availability of workers and their willingness to work at various wage rates.

Marginal Product

The change in output resulting from employing an additional unit of input, while keeping other inputs constant, highlighting the productivity of the input.

Labor Demand Data

Statistical information about employers' need for workers, reflecting how many jobs are available at various wage rates.

Labor Supply Data

Information related to the available workforce in a particular market or economy, including the number of individuals willing to work at various wage levels.