Applying Borda count and Arrow’s impossibility theorem.

Question

Explain and evaluate the impact of legislation on the U.S. criminal justice system, specifically on the prison population and its impact on poverty and the U.S. economy. Include significant elements and limitations such as the War on Drugs and the First Step Act.

Answer 1

Question

Chapter 22, Problem 7PA

Subpart (a):

To determine

Applying Borda count and Arrow’s impossibility theorem.

Subpart (b):

To determine

Applying Borda count and Arrow’s impossibility theorem.

Subpart (c):

To determine

Applying Borda count and Arrow’s impossibility theorem.

Subpart (d):

To determine

Applying Borda count and Arrow’s impossibility theorem.

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Explain and evaluate the impact of legislation on the U.S. criminal justice system, specifically on the prison population and its impact on poverty and the U.S. economy. Include significant elements and limitations such as the War on Drugs and the First Step Act.

Given the following petroleum tax details, calculate the marginal tax rate and explain its significance: Total Revenue: $500 million Cost of Operations: $200 million Tax Rate: 40% Additional Royalty: 5% Profit-Based Tax: 10%

Use a game tree to illustrate why an aircraft manufacturer may price below the current marginal cost in the short run if it has a steep learning curve. (Hint: Show that learning by doing lowers its cost in the second period.) Part 2 Assume for simplicity the game tree is illustrated in the figure to the right. Pricing below marginal cost reduces profits but gives the incumbent a cost advantage over potential rivals. What is the subgame perfect Nash equilibrium?

Answer 2

Question

Chapter 22, Problem 7PA

Subpart (a):

To determine

Applying Borda count and Arrow’s impossibility theorem.

Subpart (b):

To determine

Applying Borda count and Arrow’s impossibility theorem.

Subpart (c):

To determine

Applying Borda count and Arrow’s impossibility theorem.

Subpart (d):

To determine

Applying Borda count and Arrow’s impossibility theorem.

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Answer 3

Question

Chapter 22, Problem 7PA

Subpart (a):

To determine

Applying Borda count and Arrow’s impossibility theorem.

Subpart (b):

To determine

Applying Borda count and Arrow’s impossibility theorem.

Subpart (c):

To determine

Applying Borda count and Arrow’s impossibility theorem.

Subpart (d):

To determine

Applying Borda count and Arrow’s impossibility theorem.

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Answer 4

Question

Chapter 22, Problem 7PA

Subpart (a):

To determine

Applying Borda count and Arrow’s impossibility theorem.

Subpart (b):

To determine

Applying Borda count and Arrow’s impossibility theorem.

Subpart (c):

To determine

Applying Borda count and Arrow’s impossibility theorem.

Subpart (d):

To determine

Applying Borda count and Arrow’s impossibility theorem.

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Answer 5

Chapter 22, Problem 7PA

Subpart (a):

To determine

Applying Borda count and Arrow’s impossibility theorem.

Subpart (b):

To determine

Applying Borda count and Arrow’s impossibility theorem.

Subpart (c):

To determine

Applying Borda count and Arrow’s impossibility theorem.

Subpart (d):

To determine

Applying Borda count and Arrow’s impossibility theorem.

Answer 6

Chapter 22, Problem 7PA

Subpart (a):

To determine

Applying Borda count and Arrow’s impossibility theorem.

Answer 7

Chapter 22, Problem 7PA

Subpart (a):

To determine

Applying Borda count and Arrow’s impossibility theorem.

Answer 8

Subpart (b):

To determine

Applying Borda count and Arrow’s impossibility theorem.

Answer 9

Subpart (b):

To determine

Applying Borda count and Arrow’s impossibility theorem.

Answer 10

Subpart (c):

To determine

Applying Borda count and Arrow’s impossibility theorem.

Answer 11

Subpart (c):

To determine

Applying Borda count and Arrow’s impossibility theorem.

Answer 12

Subpart (d):

To determine

Applying Borda count and Arrow’s impossibility theorem.

Answer 13

Subpart (d):

To determine

Applying Borda count and Arrow’s impossibility theorem.

Answer 14

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Answer 15

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Ch. 22.1 - Prob. 1QQ Ch. 22.2 - Prob. 2QQ Ch. 22.3 - Prob. 3QQ Ch. 22 - Prob. 1QR Ch. 22 - Prob. 2QR Ch. 22 - Prob. 3QR Ch. 22 - Prob. 4QR Ch. 22 - Prob. 5QR Ch. 22 - Prob. 6QR Ch. 22 - Prob. 1QCMC

Applying Borda count and Arrow’s impossibility theorem.

Solution Summary: The author explains Arrow's impossibility theorem, which states that there is no voting system that can satisfy transitivity, unanimity, non-dictatorship, and independence of irrelevant alternatives.

Applying Borda count and Arrow’s impossibility theorem.

Applying Borda count and Arrow’s impossibility theorem.

Applying Borda count and Arrow’s impossibility theorem.

Applying Borda count and Arrow’s impossibility theorem.

Chapter 22 Solutions