Suppose Three Neighbors Must Vote on the Installation of a Traffic

question 61

Essay

Suppose three neighbors must vote on the installation of a traffic light that costs $210.The cost of the light will shared by all three.Voter A values the light at $50; voter B values the light at $50; and voter C (who drives the most)values the light at $200.If the voting rule is that the majority wins,does the light get purchased? Is it efficient to purchase the light?

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Definitions:

Contraceptive Patch

A transdermal patch applied to the skin that releases hormones to prevent pregnancy.

Estrogen

A group of steroid hormones that play an essential role in the regulation of the reproductive and menstrual cycle.

Progestin

A synthetic form of progesterone used in contraceptives and hormone therapy.

Vasectomy

A permanent method of birth control in which each vas deferens is severed or blocked off, thereby preventing sperm from entering the vas deferens and mixing with seminal fluids to form semen.