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Home Q & A Board Other Fields Homework Help Business Economics
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kady kady
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6 months ago

The simple majority decision rule may generate results that are



▸

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.



▸

inefficient when the intensity of individuals' preferences are considered.

Textbook 
Economics

Economics


Edition: 12th
Author:
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shandaman13shandaman13
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6 months ago
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kady Author
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6 months ago
Helped a lot
oscar520000
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Yesterday
Smart ... Thanks!
lierac00
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2 hours ago
Brilliant ツ
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