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Three friends are choosing a restaurant for dinner. Here are their preferences: a. If the three friends use a Borda count to make their decision, where do they go to eat? b. On their way to their chosen restaurant, they see that the Mexican and French restaurants are dosed, so they use a Borda count again to decide between the remaining two restaurants. Where do they decide to go now? c. How do your answers to parts (a) and (b) relate to Arrow’s impossibility theorem?

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Principles of Economics (MindTap C...

8th Edition
N. Gregory Mankiw
Publisher: Cengage Learning
ISBN: 9781305585126

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BuyFindarrow_forward

Principles of Economics (MindTap C...

8th Edition
N. Gregory Mankiw
Publisher: Cengage Learning
ISBN: 9781305585126
Chapter 22, Problem 6PA
Textbook Problem
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Three friends are choosing a restaurant for dinner. Here are their preferences:

Chapter 22, Problem 6PA, Three friends are choosing a restaurant for dinner. Here are their preferences: a. If the three

a. If the three friends use a Borda count to make their decision, where do they go to eat?

b. On their way to their chosen restaurant, they see that the Mexican and French restaurants are dosed, so they use a Borda count again to decide between the remaining two restaurants. Where do they decide to go now?

c. How do your answers to parts (a) and (b) relate to Arrow’s impossibility theorem?

Subpart (a):

To determine
Application of Borda count and Arrow’s impossibility theorem.

Explanation of Solution

By Borda count, for each choice, we could give 1 point for last place, 2 points for second to last, 3 points for third to last, 4 points for fourth to last, and so on. The outcome that receives the most total points wins...

Subpart (b):

To determine
Application of Borda count and Arrow’s impossibility theorem.

Subpart (c):

To determine
Application of Borda count and Arrow’s impossibility theorem.

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