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5. A stockholder named Sue must cast a vote for chair of the board. Sue prefers Mr. Lee to Ms. Doe, Ms. Doe to Mr. James, and Mr. James to Mr. Lee.
a. Are Sue's preferences consistent with our assumptions about consumer behavior? Explain.
b. If all stockholders had the same preferences as Sue, who would win the appointment as chair of the board? Explain.
We have discussed the computation of the future value in the previous sections; here let us work the process in opposite. Let us assume you have won a lottery ticket worth Rs. 1000
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