Assume There Are Nine Voters in a Certain Small Town

question 206

Multiple Choice

Assume there are nine voters in a certain small town and let x = the preferred number of dollars spent per person per month on garbage collection.For Voters 1,2,and 3,x = $10; for Voter 4,x = $15; for Voter 5,x = $18; and for Voters 6,7,8 and 9,x = $20.The median voter is

• A) Voter 3.
• B) Voter 4.
• C) Voter 5.
• D) Voter 6.

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Definitions:

Efficient Market

A market in which securities' prices fully reflect all available information, meaning that assets are always properly valued.

Stock Price

The cost of purchasing a share of a company, determined by supply and demand in the stock market.

Disseminated

Refers to the action of spreading information, knowledge, or data widely.

Privately Held Companies

Businesses whose ownership is private, meaning their shares are not traded on public stock exchanges and are typically owned by the company's founders, management, or a group of private investors.