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Political advertising is often directed at winning over so-called swing voters, whose votes might go either way Suppose that two political parties-the Freedom Party and the Liberty Party-disagree on whether to build a new road. Polling shows that of 1,000 total voters, 450 are firmly for the new road and 450 are firmly against the new road. Thus, each party will try to win over a majority of the 100 remaining swing voters. Instructions: Enter your answers as a whole number a. Suppose that each party spends $5,000 on untargeted TV, radio, and newspaper ads that are equally likely to reach any and all voters. How much per voter will be spent by both parties combined? per voter b. Suppose that, instead, each party could direct all of its spending toward just the swing voters by using targeted social media ads. If all of the two parties' combined spending is targeted at just swing voters, how much will be spent per swing voter? per swing voter c Suppose that only the Freedom Party knows how to target voters using social media. How much per swing voter will it be spending? $ per swing voter If at the same time the Liberty Party is still using only untargeted TV, radio, and newspaper ads, what portion of its total spending is likely to be reaching the 100 swing voters? percent

Political advertising is often directed at winning over so-called swing voters, whose votes might go either way Suppose that two political parties-the Freedom Party and the Liberty Party-disagree on whether to build a new road. Polling shows that of 1,000 total voters, 450 are firmly for the new road and 450 are firmly against the new road. Thus, each party will try to win over a majority of the 100 remaining swing voters. Instructions: Enter your answers as a whole number a. Suppose that each party spends $5,000 on untargeted TV, radio, and newspaper ads that are equally likely to reach any and all voters. How much per voter will be spent by both parties combined? per voter b. Suppose that, instead, each party could direct all of its spending toward just the swing voters by using targeted social media ads. If all of the two parties' combined spending is targeted at just swing voters, how much will be spent per swing voter? per swing voter c Suppose that only the Freedom Party knows how to target voters using social media. How much per swing voter will it be spending? $ per swing voter If at the same time the Liberty Party is still using only untargeted TV, radio, and newspaper ads, what portion of its total spending is likely to be reaching the 100 swing voters? percent

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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uCk my work Political advertising is often directed at winning over so-called swing voters, whose votes might go either way. Suppose that two political parties-the Freedom Party and the Liberty Party-disagree on whether to build a new road. Polling shows that of 1,000 total voters, 450 are firmly for the new road and 450 are firmly against the new road. Thus, each party will try to win over a majority of the 100 remaining swing voters. Instructions: Enter your answers as a whole number. a. Suppose that each party spends $5,000 on untargeted TV, radio, and newspaper ads that are equally likely to reach any and all voters. How much per voter will be spent by both parties combined? $ 10 per voter b. Suppose that, instead, each party could direct all of its spending toward just the swing voters by using targeted social media ads. If all of the two parties' combined spending is targeted at just swing voters, how much will be spent per swing voter? 100 per swing voter c. Suppose that only the Freedom Party knows how to target voters using social media. How much per swing voter will it be spending? $4 5o per swing voter If at the same time the Liberty Party is still using only untargeted TV, radio, and newspaper ads, what portion of its total spending is likely to be reaching the 100 swing voters? 5 percent How much per swing voter does that portion amount to? %24 500 per swing voter
Transcribed Image Text:uCk my work Political advertising is often directed at winning over so-called swing voters, whose votes might go either way. Suppose that two political parties-the Freedom Party and the Liberty Party-disagree on whether to build a new road. Polling shows that of 1,000 total voters, 450 are firmly for the new road and 450 are firmly against the new road. Thus, each party will try to win over a majority of the 100 remaining swing voters. Instructions: Enter your answers as a whole number. a. Suppose that each party spends $5,000 on untargeted TV, radio, and newspaper ads that are equally likely to reach any and all voters. How much per voter will be spent by both parties combined? $ 10 per voter b. Suppose that, instead, each party could direct all of its spending toward just the swing voters by using targeted social media ads. If all of the two parties' combined spending is targeted at just swing voters, how much will be spent per swing voter? 100 per swing voter c. Suppose that only the Freedom Party knows how to target voters using social media. How much per swing voter will it be spending? $4 5o per swing voter If at the same time the Liberty Party is still using only untargeted TV, radio, and newspaper ads, what portion of its total spending is likely to be reaching the 100 swing voters? 5 percent How much per swing voter does that portion amount to? %24 500 per swing voter
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