Use the Following to Answer the Questions

question 50

Multiple Choice

Use the following to answer the Questions
A distribution of voters is uniform over [0, 1]. Candidates A and B have already entered the election and have chosen positions at 1/4 and 3/4, respectively.
-If C enters at 1/2, who wins the election?

• A) A
• B) B
• C) C
• D) A and B tie.

---

Definitions:

Polishing Labor

The labor cost associated with the finishing or polishing stage of manufacturing to enhance the appearance or functionality of a product.

Sales Budget

A financial plan detailing the expected revenues from sales of products or services over a specific period.

Production Budget

An estimate of the total units that must be produced in a given period to meet sales demands and ending inventory requirements.

Selling Expense Budget

A financial plan that estimates the anticipated selling expenses for a period, including costs related to sales personnel, advertising, and marketing activities.