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

  What makes your example international

Find one example of each of the following three issues. When you cite each example, explain why it "fits" with the issue that you are addressing.

  Role of human resource management

Discuss the role of human resource management in the evolving world of management by relating to a real example on coverage

  Generate a solid analysis on the company''s procedures

Using your course learning from the week, determine what quality system was used. Then decide if you feel this was the proper quality system or if GM should have used a different system. Use your course materials and outside research to generate a..

  Discuss two of the five common reasons

Discuss two of the five common reasons that projects crash. Relate your response to a project failure that you have experienced or witnessed.

  Define outbound telemarketing

While telemarketing can be a difficult career, companies continue to utilize inbound and outbound telemarketing activities because they are effective and cost efficient. Web-driven service technologies offer ever-expanding modes of communicating with..

  Describe the readiness level

Joe Evans stops at Mandy Simms’s desk. He hands Mandy a manila envelope and says, “This is the raw data we’ve gathered for the report on Product X. Describe the readiness level of the following people (Mandy Simms, Arthur Jones, Will Murphy, and Alic..

  What were the key stages or milestones

What were the key stages or milestones and the timeframe for the tender and who was on the tender selection panel and why?

  Discuss why communication skills are important

discuss why communication skills are important to organizational success and why recruiters focus so much on finding leads with good communication skills. What happens when there are problems with communications in the workplace (re-work, low mora..

  Which tests can we ask prospective employees to take

Which tests can we ask prospective employees to take, or current employees, and which are we not allowed to require?

  Business involves electronic recycling of computing devices

An idea for a new business involves electronic re-cycling of computing devices including out dated servers, desk-top computers, laptops, iPad, and cell phones. The options to solicit outdated computing devices. Logistics of collecting and transportin..

  Do you feel job descriptions are still relevant

Generally, employees and supervisors consider the job analysis process and the development of job descriptions as a low priority, perhaps with the exception of when an employee can achieve a pay increase through the process. Do you feel job descripti..

  All shortages are backlogged-optimal inventory policy

Chicago's Treadway Tires Dealer must order tires from its national warehouse. It costs $10000 to place an order and $400 to review the inventor level. Annual tire sales are N(20000, 4000000). It costs $10 per year to hold a tire in inventory, and eac..

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