Mathematics All Around, Books a la carte edition (6th Edition)
6th Edition
ISBN: 9780134462448
Author: Pirnot, Tom
Publisher: PEARSON
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Textbook Question
Chapter 11.1, Problem 27E
In Exercises 27-30, refer to the preference table that was given prior to Exercise
The plurality method
Before a conference on “Trends in the next Decade,” a panel of participants voted on the topic for the keynote address. The choices were (T)echnology, (P)overty in Third World Countries, (E)conomy, (G)lobal Warming, and (F)oreign Policy. The votes are summarized in the following preference table. Use this information to answer Exercises
| Preference | Number of Ballots | ||||
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T | E | G | P | E |
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P | P | F | G | F |
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E | G | E | F | G |
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F | F | P | E | P |
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G | T | T | T | T |
Choosing a speaker. What topic is selected using the plurality method?
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Question 2 (3.5 points)
A firm produces a certain good. The current unit price of the good is equal to €7. At this price level,
the marginal demand is equal to -0.8 and the point elasticity of demand is equal to -0.28.
a. Give a precise economic interpretation of the number -0.8.
b. Find the exact value of the current revenue of the firm and estimate the change in revenue if
the current unit price is reduced by 3%.
Next, assume that the demand is given by an equation of the form q = a/(bp).
c. Find the values of the parameters a and b.
Answer to Question 2:
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Chapter 11 Solutions
Mathematics All Around, Books a la carte edition (6th Edition)
Ch. 11.1 - Four candidates running for a vacant seat on the...Ch. 11.1 - Five candidates running for mayor receive votes as...Ch. 11.1 - The university administration has asked a group of...Ch. 11.1 - The university administration has asked a group of...Ch. 11.1 - The university administration has asked a group of...Ch. 11.1 - The university administration has asked a group of...Ch. 11.1 - The drama society members are voting for the type...Ch. 11.1 - The drama society members are voting for the type...Ch. 11.1 - The drama society members are voting for the type...Ch. 11.1 - The drama society members are voting for the type...
Ch. 11.1 - Before a conference on Trends in the next Decade,...Ch. 11.1 - Before a conference on Trends in the next Decade,...Ch. 11.1 - Prob. 13ECh. 11.1 - Prob. 14ECh. 11.1 - A small employee-owned Internet company is voting...Ch. 11.1 - Prob. 16ECh. 11.1 - Prob. 17ECh. 11.1 - A small employee-owned Internet company is voting...Ch. 11.1 - Prob. 19ECh. 11.1 - Prob. 20ECh. 11.1 - Prob. 21ECh. 11.1 - Prob. 22ECh. 11.1 - In Exercises 23-26, refer to the preference table...Ch. 11.1 - Prob. 24ECh. 11.1 - In Exercises 23-26, refer to the preference table...Ch. 11.1 - Prob. 26ECh. 11.1 - In Exercises 27-30, refer to the preference table...Ch. 11.1 - In Exercises 27-30, refer to the preference table...Ch. 11.1 - In Exercises 27-30, refer to the preference table...Ch. 11.1 - Prob. 30ECh. 11.1 - Prob. 31ECh. 11.1 - Prob. 32ECh. 11.1 - Prob. 33ECh. 11.1 - Prob. 34ECh. 11.1 - Prob. 35ECh. 11.1 - Prob. 36ECh. 11.1 - Prob. 37ECh. 11.1 - Prob. 38ECh. 11.1 - Prob. 39ECh. 11.1 - Prob. 40ECh. 11.1 - Prob. 41ECh. 11.1 - Prob. 42ECh. 11.1 - Prob. 43ECh. 11.1 - Math in Your Life: Between the Numbers Instant...Ch. 11.1 - In approval voting, a person can vote for more...Ch. 11.1 - Prob. 46ECh. 11.1 - Prob. 47ECh. 11.1 - Prob. 48ECh. 11.1 - Prob. 49ECh. 11.1 - Prob. 50ECh. 11.1 - Prob. 51ECh. 11.1 - Prob. 52ECh. 11.2 - Some of these exercises have no fixed solution...Ch. 11.2 - Some of these exercises have no fixed solution...Ch. 11.2 - Determining the legal drinking age. A state...Ch. 11.2 - Voting for the president of a club. A chapter of...Ch. 11.2 - Choosing a location for a research facility. Teach...Ch. 11.2 - Locating a new factory. The Land Mover Tractor...Ch. 11.2 - Reducing a budget. Due to a decrease in state...Ch. 11.2 - Voting on an award for best restaurant. A group of...Ch. 11.2 - Use the following preference table for Exercises 9...Ch. 11.2 - Use the following preference table for Exercises 9...Ch. 11.2 - Complete the preference table so that the Borda...Ch. 11.2 - Complete the preference table so that A is the...Ch. 11.2 - Prob. 13ECh. 11.2 - Make a preference table similar to the one given...Ch. 11.2 - Complete the preference table so that the...Ch. 11.2 - Does the plurality method satisfy the majority...Ch. 11.2 - Does the plurality-with-elimination method satisfy...Ch. 11.2 - Prob. 18ECh. 11.2 - Presidential election. One of the several...Ch. 11.2 - Prob. 20ECh. 11.2 - Prob. 21ECh. 11.2 - A run off election. Repeat Exercise 21 using this...Ch. 11.2 - Prob. 23ECh. 11.2 - Prob. 24ECh. 11.2 - Prob. 25ECh. 11.2 - Prob. 26ECh. 11.2 - Prob. 27ECh. 11.2 - Voters are choosing among five options. Make a...Ch. 11.2 - Make a preference table, similar to the one given...Ch. 11.2 - Prob. 30ECh. 11.2 - Prob. 31ECh. 11.2 - Prob. 32ECh. 11.2 - Prob. 33ECh. 11.2 - Prob. 34ECh. 11.2 - One of the voting methods we have been discussing...Ch. 11.3 - Prob. 1ECh. 11.3 - Prob. 2ECh. 11.3 - In Exercises 1-12, the weight represent voters A,...Ch. 11.3 - Prob. 4ECh. 11.3 - Prob. 5ECh. 11.3 - Prob. 6ECh. 11.3 - In Exercises 1-12, the weight represent voters A,...Ch. 11.3 - In Exercises 1-12, the weight represent voters A,...Ch. 11.3 - In Exercises 1-12, the weight represent voters A,...Ch. 11.3 - Prob. 10ECh. 11.3 - Prob. 11ECh. 11.3 - Prob. 12ECh. 11.3 - In Exercises 13-16, write out all winning...Ch. 11.3 - Prob. 14ECh. 11.3 - In Exercises 13-16, write out all winning...Ch. 11.3 - Prob. 16ECh. 11.3 - Prob. 17ECh. 11.3 - Prob. 18ECh. 11.3 - Prob. 19ECh. 11.3 - Prob. 20ECh. 11.3 - Prob. 21ECh. 11.3 - Prob. 22ECh. 11.3 - Prob. 23ECh. 11.3 - Prob. 24ECh. 11.3 - Prob. 25ECh. 11.3 - Prob. 26ECh. 11.3 - Prob. 27ECh. 11.3 - Prob. 28ECh. 11.3 - Prob. 29ECh. 11.3 - Prob. 30ECh. 11.3 - Prob. 31ECh. 11.3 - Prob. 32ECh. 11.3 - In Exercises 29-34, determine the Banzhaf power...Ch. 11.3 - Prob. 34ECh. 11.3 - The system [3:1,1,1,1,1] is an example of a one...Ch. 11.3 - Prob. 36ECh. 11.3 - Consider the system [14:15,2,3,3,5] in which A is...Ch. 11.3 - Prob. 38ECh. 11.3 - Calculating power in the electoral college. After...Ch. 11.3 - Prob. 40ECh. 11.3 - Prob. 41ECh. 11.3 - Prob. 42ECh. 11.3 - Prob. 43ECh. 11.3 - In Example 5, we analyzed the voting power of the...Ch. 11.3 - In Example 5, we analyzed the voting power of the...Ch. 11.3 - Prob. 46ECh. 11.3 - Prob. 47ECh. 11.3 - Prob. 48ECh. 11.3 - Prob. 49ECh. 11.3 - Prob. 50ECh. 11.3 - A dummy in a weighted voting system is a voter...Ch. 11.3 - Prob. 52ECh. 11.3 - Prob. 53ECh. 11.3 - Prob. 54ECh. 11.3 - In Exercises 55 and 56, devise a voting system...Ch. 11.3 - Prob. 56ECh. 11.4 - In Exercises 1 4, use tree diagrams to find all...Ch. 11.4 - Prob. 2ECh. 11.4 - In Exercises 1 4, use tree diagrams to find all...Ch. 11.4 - Prob. 4ECh. 11.4 - Prob. 5ECh. 11.4 - Prob. 6ECh. 11.4 - Prob. 7ECh. 11.4 - Prob. 8ECh. 11.4 - Prob. 9ECh. 11.4 - Prob. 10ECh. 11.4 - Prob. 11ECh. 11.4 - Prob. 12ECh. 11.4 - In Exercises 1116, determine the Shapley-Shubik...Ch. 11.4 - Prob. 14ECh. 11.4 - Prob. 15ECh. 11.4 - Prob. 16ECh. 11.4 - The system [3:1,1,1,1,1] is an example of a one...Ch. 11.4 - Measuring power on a jury. We can consider a...Ch. 11.4 - Prob. 19ECh. 11.4 - Prob. 20ECh. 11.4 - Prob. 21ECh. 11.4 - Measuring power on a theater guild. The Theater...Ch. 11.4 - Measuring power on a state committee. The college...Ch. 11.4 - Prob. 24ECh. 11.4 - Prob. 25ECh. 11.4 - A new social media company, Chirp, has an...Ch. 11.4 - Prob. 27ECh. 11.4 - Measuring power among states. Repeat Exercise 27...Ch. 11.4 - Explain the difference between the Banzhaf index...Ch. 11.4 - Prob. 30ECh. 11.4 - Prob. 31ECh. 11.4 - Prob. 32ECh. 11.4 - Prob. 33ECh. 11.4 - Prob. 34ECh. 11.CR - Prob. 1CRCh. 11.CR - Prob. 2CRCh. 11.CR - Prob. 3CRCh. 11.CR - Prob. 4CRCh. 11.CR - Prob. 5CRCh. 11.CR - Prob. 6CRCh. 11.CR - Prob. 7CRCh. 11.CR - Prob. 8CRCh. 11.CR - Prob. 9CRCh. 11.CR - Prob. 10CRCh. 11.CR - Prob. 11CRCh. 11.CR - Prob. 12CRCh. 11.CR - Prob. 13CRCh. 11.CR - Prob. 14CRCh. 11.CR - Prob. 15CRCh. 11.CR - Prob. 16CRCh. 11.CR - Prob. 17CRCh. 11.CR - Prob. 18CRCh. 11.CT - Prob. 1CTCh. 11.CT - Prob. 2CTCh. 11.CT - Prob. 3CTCh. 11.CT - Prob. 4CTCh. 11.CT - Prob. 5CTCh. 11.CT - Prob. 6CTCh. 11.CT - Prob. 7CTCh. 11.CT - Prob. 8CTCh. 11.CT - Prob. 9CTCh. 11.CT - Determine the Banzhaf power index for each voter...Ch. 11.CT - Prob. 11CTCh. 11.CT - Prob. 12CTCh. 11.CT - Prob. 13CTCh. 11.CT - Prob. 14CTCh. 11.CT - Prob. 15CTCh. 11.CT - Prob. 16CT
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