Give two examples of possible net surpluses

Assignment Help Operation Management
Reference no: EM131124666

Give two examples of possible net surpluses that three voters get from each of two possible political alternatives A and B. Construct your first example so that the alternative that wins a majority vote generates the maximum total net surplus. Make your second example so that the alternative that wins a majority vote generates the least total net surplus. Explain why this happens.

Reference no: EM131124666

Questions Cloud

What is your assessment of the current status of the project : In month 9 the following project information is available: actual cost is $2,000, earned value is $2,100, and planned cost is $2,400. Compute the SV and CV for the project. On day 51 a project has an earned value of $600, an actual cost of $650, and ..
Communicate project progress : How does a Tracking Gantt chart help communicate project progress? Schedule variance (SV) is in dollars and does not directly represent time. Why is it still useful? Why is it important for project managers to resist changes to the project baseline? ..
At what volume of output does the centre break even : A processing centre has the capacity to assemble 500,000 units per year. At present it is operating at 75% of capacity. The annual income is $500,000. The annual fixed cost is $125,000 and the variable cost $0.50 per unit assembled. What is the annua..
Long-run fraction of potential customers that are lost : Cars arrive at a gas station according to a Poisson process with an average of 10 customers per hour. A car enters the station only if four or fewer cars are already at the gas station. The gas station has only one pump. Formulate a continuous-time M..
Give two examples of possible net surpluses : Give two examples of possible net surpluses that three voters get from each of two possible political alternatives A and B. Construct your first example so that the alternative that wins a majority vote generates the maximum total net surplus. Make y..
What does practice of tying run afoul of antitrust statutes : What is tying? When does the practice of tying run afoul of the antitrust statutes? The Supreme Court ruled in the Eastman Kodak v. Image Technical Services [ 504 U.S. 451 (1992)] that Eastman Kodak’s practice of withholding access to replacement par..
As the head of human resources : As the head of Human Resources, an employee approached you regarding a situation. He brought along his friend to lunch. When discussing his new female boss, the friend says: “It really irritates me not only that she gets the job just because she’s a ..
Important to involve the particular departments : User needs is a big consideration when we think about data and it's presentation! Class, when we first started thinking about our conceptual and physical database design, we already had to have had at least "some" idea of what the users were going to..
Implementation is the how of the change process : Implementation is the 'how' of the change process. How to get an organization to change entails choosing among a range of techniques, most of which are familiar and used for other purposes: speeches, seminars, off-sites, training, newsletters, etc.....

Reviews

Write a Review

Operation Management Questions & Answers

  Physical inventory on the horizontal axis

The ABC inventory matrix shows an ABC inventory classification based on annual usage on the vertical axis and an ABC inventory classification based on physical inventory on the horizontal axis.

  Trendy aluminium foil dress us creating a buzz

Due to long lead times, fashion goods must usually be purchased by retail stores long before the season begins, and "hot" items quite often cannot be ordered again during the season once their popularity becomes evident. The new, trendy aluminium foi..

  How will it handle or make up for resulting staff shortage

The community surrounding Simonston Hospital has just experienced a debilitating ice storm, with loss of power expected for the next five to seven days. Employees at Simonston are showing up for work, but they are not alone: Some single parents have ..

  Offering to employ her to audit financial statements

On May 1, Brand Name Industries, Inc. (BNI), sent Carol a letter, via overnight delivery, offering to employ her to audit BNI’s financial statements for the current year for $10,000. In the letter, BNI stated that Carol had ten days to accept.

  Illustrate what percentage of parts will not meet the weight

Illustrate what percentage of parts will not meet the weight specifications. Within Illustrate what values will 95.44 percent pf sample means of the process fall, if samples of n=16 are taken also the process is in control (random).

  Discuss the national differences in political economy

Discuss the national differences in political economy between these three countries. Discuss any cultural barriers your firm may experience in each of the three countries.

  Determine the accuracy of any given forecasting method

What three methods are used to determine the accuracy of any given forecasting method? How would you determine whether time-series regression or exponential smoothing is better in a specific application?

  Explain how each of the four nonroutine skills

Analyze Singing Valley’s strategy and it problem. An analysis of the five forces of the Singing Valley Market. Make an justify any necessary assumptions about its market. Explain how each of the four nonroutine skills—Abstract reasoning, systems thin..

  What types of character traits or virtues

What types of character traits or virtues would you ascribe to M. Walker and J.C. Penney? In regard to their business practices, what type of principles did they follow in business? How did Walker and Penney think of themselves and their products? Ho..

  Which of the given is true with regard to the impact of

which of the following is true with regard to the impact of diversity on team effectiveness? a elements of diversity

  What is the average utilization of the receptionist step

The office manager at a Brookline Corner Clinic is given the assignment to analyze the time it takes a customer to receive care. The clinic is open eight hours a day. Assume that patients arrive uniformly throughout the day at a rate of 4 patients pe..

  Analyze the financial and privacy impacts of breaches

Analyze the financial and privacy impacts of breaches to health care information systems and make at least two recommendations for preventing such breaches in the future

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd