Refer to the Provided Table, Which Shows the Ranked Preferences

question 103

Multiple Choice

Refer to the provided table, which shows the ranked preferences of voters for three alternative projects, with "1" being the top preference. This situation illustrates the voting inconsistency where a majority of voters prefer the

• A)stadium over the park, the park over the jail, and the jail over the stadium.
• B)park and jail over the stadium, and the jail over the park.
• C)stadium over the jail, the jail over the park, and the park over the stadium.
• D)stadium and jail over the park, and the park over the jail.

---

Definitions:

MSB Curve

A graph showing the marginal social benefit of producing one more unit of a good or service, considering both private and external benefits.

MCA Curve

MCA Curve might be a misinterpretation or uncommon term; possibly it's meant to refer to concepts like Marginal Cost (MC) in economics, which describes the change in total cost that arises when the quantity produced changes by one unit.

Marginal Social Cost

The total cost to society of producing an additional unit of a good or service, including both private costs and any externalities.

Marginal Cost

The cost added by producing one additional unit of a product or service.