Use the Following Information to Answer the Questions:
Consider $\quad$

question 74

Essay

Use the following information to answer the Questions:
Consider an 11-member committee that must choose one of three alternatives
-X, Y, or Z- using the Hare system. Their schedule of preferences is shown below. $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\text { Number of voters }$
$\begin{array} { l c c c } & 5 & 4 & 2 \\\text { First choice } & \mathrm { Z } & \mathrm { X } & \mathrm { Y } \\\text { Second choice } & \mathrm { Y } & \mathrm { Y } & \mathrm { X } \\\text { Third choice } & \mathrm { X } & \mathrm { Z } & \mathrm { Z }\end{array}$
-Who wins? Is it possible for the group of five voters to change the outcome in a way that would benefit them?

---

Definitions:

Marginal Utility

The additional satisfaction or benefit (utility) that a consumer derives from buying an additional unit of a commodity or service.

Total Utility

The complete satisfaction or pleasure a consumer obtains from consuming a given quantity of goods or services.

Indifference Curve

A graph showing different bundles of goods between which a consumer is indifferent, reflecting their preferences for certain combinations of goods.

Budget Constraint

Constraints on the assortments of products and services available for purchase by a consumer, determined by their financial resources and market prices.