Scenario 22-1 At Issue in a Particular City Vote Is How Much

question 181

Multiple Choice

Scenario 22-1
At issue in a particular city vote is how much to spend, per person, on city parks next year. Among the 10,000 voters, 1,000 prefer to spend $30 per person, but no more; 3,500 prefer to spend $45 per person, but no more; 2,500 prefer to spend $80 per person, but no more; and 3,000 prefer to spend $150 per person, but no more.
-Refer to Scenario 22-1.If there is a vote on whether to spend $60 per person or $80 per person,the median voter will vote to spend

• A)$60 per person and the voting outcome will be $60 per person.
• B)$60 per person and the voting outcome will be $80 per person.
• C)$80 per person and the voting outcome will be $60 per person.
• D)$80 per person and the voting outcome will be $80 per person.

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Definitions:

Variable Cost

Variable cost is a cost that changes in proportion to the level of production or business activity, such as raw materials and direct labor.

Monthly Dollar Sales

The total revenue generated from sales, expressed in dollars, for a specific month.

Break-even

The moment when a business's total earnings match its total expenses, leading to neither profit nor loss.

Monthly Dollar Sales

The total revenue generated from sales within a specific month, expressed in dollar terms.