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The simple majority decision rule may generate results that are

kady

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The simple majority decision rule may generate results that are

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efficient, because the projects undertaken are the ones desired by more than 50 percent of the people.

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efficient, because projects are undertaken only if total benefits exceed total costs.

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efficient, because the intensity of individuals' preferences are considered.

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inefficient when the total benefits of projects undertaken are less than the total costs.

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inefficient when the intensity of individuals' preferences are considered.

Textbook

Economics

Edition: 12^th

Author: Arnold

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shandaman13

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More solutions for this book are available here

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kady Author

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Thanks

choih94

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This helped my grade so much Perfect

Fleury

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I appreciate what you did here, answered it right Smiling Face with Open Mouth

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