Use the Following Information to Answer the Questions

question 87

Essay

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 equation of the line which divides the two-dimensional space separating voters preferring A over B from those preferring B over A.

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Definitions:

Bottlenecks

Refer to points of congestion in a production system that significantly slow down the overall process.

Variable Cost Concept

A concept used in applying the cost-plus approach to product pricing in which only the variable costs are included in the cost amount to which the markup is added.

Fixed Manufacturing Costs

Expenses related to the production process that do not vary with the volume of production, such as salaries of supervisors and rent of the factory.

Markup

The amount added to the cost of goods to cover expenses and generate profit.