In the figure below, we see that traditional one-person-one-vote (1plv) majority voting results in an inefficient majority "yes" vote (two in favor, one opposed). Let's see whether the outcome is better under quadratic voting. (Note: When answering the questions below, assume a quadratic voting system. Also assume that the amounts shown in the figure reflect the value of the benefits of a proposed public good to each individual voter. And, assume that if the vote passes, each voter will be required to pay $300 in additional taxes.) Your Graph Score: 100% Voting Outcomes 600
In the figure below, we see that traditional one-person-one-vote (1plv) majority voting results in an inefficient majority "yes" vote (two in favor, one opposed). Let's see whether the outcome is better under quadratic voting. (Note: When answering the questions below, assume a quadratic voting system. Also assume that the amounts shown in the figure reflect the value of the benefits of a proposed public good to each individual voter. And, assume that if the vote passes, each voter will be required to pay $300 in additional taxes.) Your Graph Score: 100% Voting Outcomes 600
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Info is in the images. All the inofrmation that I was given is in the images. Thank you :)

Transcribed Image Text:In the figure below, we see that traditional one-person-one-vote (1p1v) majority voting results in an inefficient majority "yes" vote (two in
favor, one opposed). Let's see whether the outcome is better under quadratic voting. (Note: When answering the questions below,
assume a quadratic voting system. Also assume that the amounts shown in the figure reflect the value of the benefits of a
proposed public good to each individual voter. And, assume that if the vote passes, each voter will be required to pay $300 in
additional taxes.)
Your Graph Score: 100%
Voting Outcomes
600
500
400
350
350
300
200
100
100
Garcia
Johnson
Lee
Voter
Benefit; Tax

Transcribed Image Text:Instructions: Enter your answers as a whole number.
a. How much will Garcia be willing to spend on votes?
Up to $
b. How much each will Johnson and Lee be willing to spend on votes?
Up to $
50
each
c. How many votes will Garcia purchase?
x votes
How many will Johnson and Lee each purchase?
1 * votes each
d. What is the total number of votes cast for "No"?
1 *
For "Yes"?
e. Approval of this project requires a 50-percent-plus-1 majority. Will the project be approved?
No
f. Does quadratic voting lead to the economically efficient outcome here?
Yes
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