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Alex777 [14]
1 year ago
9

Yakov, Ana, and Dina want to bake a cake. They are choosing among chocolate cake (C), vanilla cake (V), and red velvet cake (R).

The following table shows each person's preferences for cake flavors. The three friends decide to vote on the kind of cake they want and agree to bake the kind that wins by majority vote.
Yakov Ana Dina
First Choice Chocolate Red Velvet Vanilla
Second Choice Red Velvet Vanilla Chocolate
Third Choice Vanilla Chocolate Red Velvet

1. Suppose Yakov, Ana, and Dina first vote on whether to bake a red velvet cake or a chocolate cake, and then they vote between vanilla cake and the winner from the previous vote.
Between red velvet cake and chocolate cake, the majority will vote for ________, and between this winner and vanilla cake, the majority will vote for . 2. Now, suppose Yakov, Ana, and Dina first vote on whether to bake a chocolate cake or a vanilla cake, and then they vote between red velvet cake and the winner from this vote.
Between chocolate cake and vanilla cake, the majority will vote for ________, and between this winner and red velvet cake, the majority will vote for ________.
3. Yakov, Ana, and Dina's democratic voting system produces transitive preferences.
True or False?
Business
1 answer:
vovangra [49]1 year ago
8 0

Answer:

The specified preferences of Charles, Diana and Juanita. Charles and Juniata prefer chocolate over red velvet cake. Dina favors red velvet over chocolate.

So, when there is voting among red velvet and chocolate cake, the majority will select the Chocolate cake and among winner and vanilla majority will vote for Vanilla cake.

This is because Dina and Juanita favor vanilla over chocolate.

Among Chocolate and vanilla cake, the majority will elect for vanilla and among this winner and red velvet cake, the majority will choose for Red velvet cake.

This is because Diana and juanita favor vanilla over chocolate. So, vanilla cakes get majority elects. When there is voting among vanilla and red velvet , red vanilla acquire majority votes as charles and dina favor red velvet over vanilla.

The statement is False. The preferences are not transitive.

In the first situation chocolate is chosen to vanilla and red velvet is preferred to vanilla. Although, in the second situation, chocolate is favored to red velvet and vanilla is preferred to chocolate. Thus, the preferences do not exhibit transitivity.

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Suppose that you buy a new car, and you purchase it with a bag of gold coins minted in a foreign country. Which of the following
aleksley [76]

Answer:

D. The gold coins are a commodity money because even though they were issued by a foreign government, the gold has intrinsic value

Explanation:

Commodity money is money that has intrinsic value. Its value can be derived from the material from which it is made. E.g. gold, salt, silver

Fiat money is money that has no intrinsic value but the government establishes it as money.

I hope my answer helps you

5 0
2 years ago
Which of the following factors can impact your monthly auto insurance premium?
erastova [34]

Answer:

The correct answer is: Your age, driving record, and annual mileage.

Explanation:

Auto insurances take into account several risk factors at the moment of evaluating what type of coverage insureds should purchase. Individuals' <em>age (higher premium if older), driving record (higher premium if negative),  and average annual mileage (higher premium the more mileage</em>) are key factors insurance companies tend to consider to find out what is the most convenient policy for those people and based on that, the premium that will be charged every month.

6 0
1 year ago
A marketing consultant, Sofia, has been studying the effect of increasing advertising spending on product sales. Sofia conducts
UkoKoshka [18]

No, because 100,000 is much greater than the values used in the experiment

Explanation:

The advertisement budget is an estimation of the company's commercial spending for a specified amount of time. More specifically, it is the capital that a organisation is able to put aside to accomplish its marketing goals.

In developing an advertisement budget, a corporation must balance the importance of the promotional dollar against the value of the dollar as known revenue.

Better promotional budgets — and campaigns — focus on consumers' desires and address their challenges, not on business concerns such as overstock elimination.

5 0
1 year ago
The following is TRUE about Inventory:________.A. Firms decrease inventory because there is a risk of significant and unpredicta
Aleks [24]

Answer:

The correct answer is option (c).

Explanation:

Solution

From the question sated above the answer is, Firms or organisation decrease inventory because the more we spend on inventory, the more we will need to spend on the other related inventory expenditures.

The reason is because if the inventory is kept full or complete, then the cost related or connected with the maintenance of the inventory increases or goes up and it is not beneficial for the company itself.

7 0
2 years ago
Ambrin Corp. expects to receive $2,000 at the end of each year for 10 years. Then the corporation expects to receive $3,500 per
mash [69]

Answer:

The approximate present value = $24294

Explanation:

Given the annuity or expected amount for 10 years = 2000 dollars

The corporation expects the amount for next 10 years = $3500

Discount rate or interest rate = 8%

Present value = (2000 × PVIFA at 8%, 10 YEARS) + (3500 × PVIFA at 8%, 10 YEARS × PVIFat 8%, 10 YEARS)

Present rate = (2000 × 6.710) + (3500 × 6.710 X 0.463)

= $24293.6 or  $24294 (round off)

7 0
1 year ago
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