In a certain country there are two presidential aspirants in a national election. Mr. A and...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
In a certain country there are two presidential aspirants in a national election. Mr. A and Mr. B. A pollster found out the following about the two candidates. Of the voters who support Mr. A on a given day, 50% do so the following day, while for voters who support Mr. B on a given day 40% change to Mr. A the following day. Yesterday the candidate's support levels were 30% for Mr. A and 70% for Mr. B Required: Assuming all factors remain constant and the same, determine the eventual winner of the presidential contest in the country. (12marks) In a certain country there are two presidential aspirants in a national election. Mr. A and Mr. B. A pollster found out the following about the two candidates. Of the voters who support Mr. A on a given day, 50% do so the following day, while for voters who support Mr. B on a given day 40% change to Mr. A the following day. Yesterday the candidate's support levels were 30% for Mr. A and 70% for Mr. B Required: Assuming all factors remain constant and the same, determine the eventual winner of the presidential contest in the country. (12marks)
Expert Answer:
Answer rating: 100% (QA)
The detailed answer for the above question is provided ... View the full answer
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
Posted Date:
Students also viewed these general management questions
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Consider the generalized externality problem. Assume the damage and cost functions are given by: (a) Determine the non-regulated level of E if the polluter has the right to pollute. (b) Determine the...
-
Teller Co. sold 20,000 units of its only product and incurred a $70,000 loss (ignoring taxes) for the current year as shown here. During a planning session for year 2010s activities, the production...
-
Seong Gi-hun graduated from ABC College in Spring of 2021. In June of 2021 through July 2031, Seong worked with many high-end clients, mid-size businesses and small venture capitalists' pet projects....
-
A shaft is subjected to (a) axial load only (b) bending loads only (c) torsional loads only (d) all of the above
-
The file statepop.dat, used in Example 6.5, also contains information on total number of farms, number of veterans, and other items. 1. Plot the total number of farms versus the probabilities of...
-
Osborn Manufacturing uses a predetermined overhead rate of $18.60 per direct labor-hour. This predetermined rate was based on a cost formula that estimates $230,640 of total manufacturing overhead...
-
Dominos Pizza franchises in New York were sued by the state of New York for wage theft at 10 stores. Under New York law, a corporation and a franchiser are joint employers if they meet certain...
-
Your ice cream bar has: 30 stools Waiting for service = 10 minutes Customers enjoying ice cream = 30-minutes On average 15 customers leave the bar per hour What is the average number customers in the...
-
Provide a case study scenario where a customer has expressed dissatisfaction with your product or service. How would you draft a business letter to address their concerns, apologize, and propose a...
-
(a) The following data was measured for a fluid. Determine the rheological relationship of the fluid. Describe the fluid. [2 marks] Shear stress (Pas) 16 14 1 0.8 06 04 0.2 0 0 05 Shear rate (1/s)...
-
magine you are writing a business letter to convince a potential client to choose your companys services over competitors. How would you structure the letter? What persuasive techniques would you...
-
4. Let A be an n x n matrix with eigenvalues 1 > .. > . A. Suppose < 1 for all 1 i n. What happens to A ask o? B. Suppose 1 > 1. Now what happens to A as k o?
-
Explain the essential components of a well-structured business letter. What should be included in the heading, salutation, body, closing, and signature? Provide examples of effective opening lines...
-
Compute: (1) Amount to be capitalized as software development cost subject to amortization, (2) Cost of ending inventory, and (3) Total amount related to the development of computer software that...
-
In the simple quantity theory of money, what will lead to an increase in aggregate demand? In monetarism, what will lead to an increase in aggregate demand?
-
Children, Parents, Baby Booms and Baby Busts: Economists often think of parents and children trading with one another across time. When children are young, parents take care of children; but when...
-
A: Consider a firm whose technology has decreasing returns to scale throughout and who faces a recurring fixed cost. Denote the level of capita chosen in the long run at the lowest point of the long...
-
In the chapter, we discussed the deadweight loss from taxes on consumption goods when tastes are quasilinear in the taxed good, and we treated deadweight loss when tastes are not quasilinear for the...
-
For the Biot problem in a slab by expanding the sin and cos term and keeping only terms up to \(\lambda^{2}\) the following approximate relation can be obtained for the eigenvalues for small Biot...
-
A hot dog at \(5^{\circ} \mathrm{C}\) is to be cooked by dipping it in boiling water at \(100^{\circ} \mathrm{C}\). Model the hot dog as a long cylinder with a diameter of \(20 \mathrm{~mm}\). Find...
-
A finite cylinder is \(2 \mathrm{~cm}\) in diameter and \(3 \mathrm{~cm}\) long and at a temperature of \(200^{\circ} \mathrm{C}\), and is cooled in air at \(30^{\circ} \mathrm{C}\). The convective...
Study smarter with the SolutionInn App