Principles of Economics, 7th Edition

Published by South-Western College
ISBN 10: 128516587X
ISBN 13: 978-1-28516-587-5

Chapter 22 - Part VII - Frontiers of Microeconomics - Quick Check Multiple Choice - Page 479: 5

Answer

a. $10,000

Work Step by Step

In the median voter theorem, the preferred outcome is selected by the median voter, which in this case is those who want to spend $10,000.
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