Use the Following Information to Answer the Questions

question 38

Short Answer

Use the following information to answer the Questions
Seven board members of a company must decide between two other board members (A and B) for a certain position. The voters are concerned with two issues and their ideal points are represented as ordered pairs: (1, 5), (3, 3), (5, 2), (6, 4), (6, 2), (4, 4), and (3, 2). Assume that A and B announce policy positions of (2, 2) and (5, 4), respectively.
-Find the midpoint of the two policy positions.

---

Definitions:

Healthy Profitability

Healthy profitability indicates a robust and sustainable level of earnings for a business, suggesting it is well-positioned for growth and stability.

Mezzanine Capital

is a form of financing that is a mix between equity and debt, often taking the form of convertible debt or subordinate debt, used by companies for expansion.

Bridge Capital

Temporary financing used to "bridge" the gap until longer-term funding can be arranged or until an anticipated event occurs, like a business sale.

Development Stage

A phase in a company's lifecycle focusing on developing its products, services, or business model, often requiring significant investment and carrying high risk.