An Implication of the Median Voter Theorem Is That, in a Democratic

question 72

Multiple Choice

An implication of the median voter theorem is that, in a democratic voting system:

• A)minority views are not given much weight
• B)minority views are given significant weight
• C)the intensity of minority preferences play a central role in determining the outcome
• D)the outcome can best be described as a compromise that takes into account diverse preferences

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Definitions:

Selling Price

The price at which a product or service is sold to customers.

Marginal Cost

Expenditure incurred in producing an additional unit of a good or service.

Marginal Revenue Curve

A graphical representation showing the change in total revenue for each additional unit of a good or service sold.

Marginal Cost

The heightened cost from fabricating an extra unit of a good or service.