The Vote Tally of Ranked Ballots for a Slate of Four

question 66

Multiple Choice

The vote tally of ranked ballots for a slate of four candidates is as follows:

• A)14
• B)27
• C)47
• D)50

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Definitions:

Profit-Maximizing

A strategy or approach aimed at achieving the highest possible profit from operations, often involving minimizing costs and maximizing revenues.

Negative Externality

A negative externality exists when a product or decision results in a negative effect on a third party not directly involved in the transaction.

Positive Externality

A benefit that affects someone who did not choose to incur that benefit, often associated with public goods or services.

Profit-Maximizing

The process or strategy employed by businesses to determine the price and output level that delivers the maximum possible profit.