Ana, Emma, and Greta are deciding what to do on a weekend getaway. They each suggest a first choice and then vote on the options. Their first choice, second choice, and third choice preferences are as shown in the following table. Circular preferences   1st Choice 2nd Choice 3rd Choice Ana Beach  Mountain Biking Canoeing  Emma  Mountain Biking Canoeing  Beach  Greta Canoeing  Beach Mountain Biking Based on the table explain why they will have a hard time reaching a decision. Do they prefer mountain biking to canoeing? What about canoeing compared to the beach? What about the beach compared to the original choice of mountain biking?

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Ana, Emma, and Greta are deciding what to do on a weekend getaway. They each suggest a first choice and then vote on the options. Their first choice, second choice, and third choice preferences are as shown in the following table.

Circular preferences

 

1st Choice

2nd Choice

3rd Choice

Ana

Beach  Mountain Biking Canoeing 

Emma 

Mountain Biking Canoeing  Beach 

Greta

Canoeing  Beach Mountain Biking

Based on the table explain why they will have a hard time reaching a decision. Do they prefer mountain biking to canoeing? What about canoeing compared to the beach? What about the beach compared to the original choice of mountain biking?

Expert Solution
Step 1

Given:

1st Choice

2nd Choice

3rd Choice

Ana

Beach  Mountain Biking Canoeing 

Emma 

Mountain Biking Canoeing  Beach 

Greta

Canoeing  Beach Mountain Biking
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