5 Two political candidates are standing for election as mayor, and the key issue is how much...

Question:

5 Two political candidates are standing for election as mayor, and the key issue is how much to spend on the Australia Day fireworks. Forty voters want to spend $30 000, 30 voters want to spend $10 000, and 30 voters want to spend nothing at all. What is the winning position on this issue?

a $1 0 000 b $15000 C $20 000 d $30 000

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Principles Of Microeconomics

ISBN: 125206

8th Edition

Authors: Joshua Gans, Stephen King, Martin Byford, N Gregory Mankiw

Question Posted: