Suppose that 18 members of the city officers are selected according to the population of the five cities in the country as shown in the table below. City Population Pacific 5290 Puma 3720 Villa 1540 Osana 2430 Cardinal 7020 Total Use Hamilton method to determine the number of board members each city should have. а. b. Use Jefferson method to determine the number of board members each city should have.
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- Kayla and Kevin are friends who go together to a used textbook seller who has two copies ofthe biology book that they both need for their class this semester. The cost to the seller ofacquiring the books was $25 each and no other students will need this book. Kayla states thatshe is willing to pay $40 for the book, while Kevin says he is willing to pay $80. Which ofthe following describes the most likely conclusion to this scenario? Group of answer choices The seller will sell the books to both Kayla and Kevin for $40 each because if they tried tocharge Kevin a higher price, Kayla would engage in arbitrage. The seller will sell one book to Kayla for $40 and one book to Kevin for $80 because thismarket meets all three requirements for price discrimination. The seller will sell the books to both Kayla and Kevin for $80 each because Kevin's highervalue exceeds Kayla's willingness to pay. The seller will sell the books to both Kayla and Kevin for $25 each because that is howmuch the…During a nationwide program to immunize the population against a new strain of the flu, public health officials determined that the cost of inoculating x% of the susceptible populationwould be approximately C(x) = 1.85x/100-x million dollars. (iii) Suppose 17 million dollars are available for providing immunization. What percentage of the susceptible population will not receive immunization?(iv) If money was not a problem will they be able to providing immunization to the entire susceptible population?The Condorcet paradox illustrates Arrow’simpossibility theorem by showing that pairwisemajority votinga. is inconsistent with the principle of unanimity.b. leads to social preferences that are not transitive.c. violates the independence of irrelevantalternatives.d. makes one person in effect a dictator.
- In 'the dictator' game, one player (the dictator) chooses how to divide a pot of $10 between herself and another player (the recipient). The recipient does not have an opportunity to reject the proposed distribution. As such, if the dictator only cares about how much money she makes, she should keep all $10 for herself and give the recipient nothing. However, when economists conduct experiments with the dictator game, they find that dictators often offer strictly positive amounts to the recipients. Are dictators behaving irrationally in these experiments? Whether you think they are or not, your response should try to provide an explanation for the behavior.Select one or more: a. A Pareto efficient outcome is where you cannot make anyone better off without someone else ending up worse off. b. All are happy with their share of income in a Pareto efficient outcome. c. There is only ever one Pareto efficient outcome. d. If two people have £100 to split, any split in which all the money is used up is Pareto-Efficient, even if one person gets none.A new government lottery has been announced. Each person who buys a ticket submits an integer between 0 and 100. The winner is the person whose submission is closest to four-fifths of the average of all submissions. If ties occur, the price will be shared. If Chloe expects other players to select numbers randomly, what number should she choose? Chloe should choose the number (a)_____ if you expect all other players to exhibit the same depth of reasoning as Chloe, what number would you choose? you should choose the number (b)______
- Suppose that country has adopted a risk-adjustment scheme to help combat risk selection. Suppose further that a sickness fund has become particularly adept at controlling costs associated with a certain illness/disease. In fact, the fund routinely treats customers with that particular illness for less than the national average cost of treating that illness. In this case, _____. A. the fund may actually make money by enrolling individuals with that illness. B. the fund would loose money enrolling individuals with that illness. C. the fund would be indifferent to enrolling people with that illness.Consider the following Bayesian game. There are two players 1 and 2. Both players choose whether to play A or B. Two states are possible, L and R. In the former, players play a stag-hunt game, and in the latter, players play a matching pennies game. Suppose that Player 2 knows the state, while Player 1 thinks that the state is L with probability q and R with probability 1 ! q. Payo§s in each state respectively satisfy: Player 1 is the row player, and their payo§ is the first to appear in each entry. Player 2 is thecolumn player and their payo§ is the second to appear in each entry. (a) What is the set of possible strategies for the two players in this game? (b) Find all the pure strategy Bayes Nash equilibria for any value of q 2 (0, 1).When using the social ecological model, which of the following would be considered part of the "exosystem" of influence on an individual's physical activity? O Personal factors O public policy O Institutional factors O Exosystem does not exist in the social ecological model If you have a client who wants to work out on his own, which of the following method of prescribing exercise intensity you should recommend to be more accurate? O Rating of perceived exertion (RPE) O Talk test O % Age predicted HRmax O % Heart rate reserve (measured)
- Suppose that optimal deterrence of a particular crime requires setting the expected punishment equal to $2000. Assume that the probability of apprehension is fixed at .2 Suppose an offender has a wealth of $5000 and incurs a cost of 1000 per month spent in prison. What combination of a fine and prison term achieves optimal deterrence at the lowest cost? What combination of a fine and prison term is optimal for an offender with a wealth of $7000 (assuming the same monthly cost of imprisonment)? Suppose considerations of fairness dictate that the prison term of offenders who commit the same crime must be the same. What fine and prison term must be imposed on the two offenders to maintain optimal deterrence?Two athletes of equal ability are competing for aprize of $10,000. Each is deciding whether to takea dangerous performance-enhancing drug. If oneathlete takes the drug and the other does not, the onewho takes the drug wins the prize. If both or neithertake the drug, they tie and split the prize. Taking thedrug imposes health risks that are equivalent to a lossof X dollars.QuickQuiz Answers1. d 2. c 3. a 4. d 5. c 6. b 7. d 8. ba. Draw a 2×2 payoff matrix describing the decisionsthe athletes face.b. For what X is taking the drug the Nashequilibrium?c. Does making the drug safer (that is, lowering X)make the athletes better or worse off? Explain.Consider the following statement: “I examined the statistics for our basketball team’s wins last year and found that, when the third team played more, the winning margin increased. If the coach played the third team more, we would win by a bigger margin.” Which of the following applies to this statement? This statement exemplifies the post hoc ergo propter hoc (“after this, therefore because of this”) fallacy, whereby association is confused with causation. This statement is correct because third teams always win by larger margins in basketball games. This statement is correct. If the coach had played the third team more often, the winning margin would have increased. The statement is logical and exhibits no fallacy.