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+ 89.2% Je A society is composed of 3 individuals named 1, 50, and 100. There are three alternatives: 2, 60, and 90. For each
+ 89.2% Je A society is composed of 3 individuals named 1, 50, and 100. There are three alternatives: 2, 60, and 90. For each individual i E {1, 50, 100}, her utility from alternative A E {2, 60, 90} is given by u ( A ) - - 12 - Al where la| is the absolute value of r. 2.1 How does each individual rank the three alternatives? 2.2 Which alternatives are Pareto efficient? 2.3 Which alternatives maximize social surplus, i.e., W ic {1,50,100} Assume that voters vote sincerely. 2.4 Consider a majority vote between alternatives 2 and 60. Which alternative would win? 2.5 Consider a majority vote between alternatives 60 and 90. Which alternative would win? 2.6 Consider a majority vote between alternatives 2 and 90. Which alternative would win? 2.7 Suppose we used the Open Agenda Method. Which alternative would be chosen? N MacBook Pro
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