Answer the question on the basis of the following table that shows the total costs and total benefits facing a city of five different potential baseball stadiums of increasing size. All figures are in millions of dollars.
Stadium Total Cost Total Benefit
A $80 $140
B 100 200
C 130 250
D 165 290
E 220 300
Applying the median-voter model and assuming that there are equal numbers of voters supporting each stadium, we would expect
Answer:
a. stadium C to be built, but this would not be the most socially efficient outcome.
Explanation:
The median voter model, is a term that describes a situation in which a form of majority rule voting system determines the eventual outcome wanted majorly by the median voter.
This is a means of trying to reach conclusion based on median rule, most specifically, when equal number of voters are supporting different alternatives.
Hence, in this case, using median voter model will ensure that stadium C is built, however, stadium E would be most socially efficient outcome.
how are different religions interdependent?
Answer:
Due to democratic freedom of religion
How does efficiency lead to conformity?
Answer:
First it is required so that the systems and the requirements of the standards will appear complicated. This of course drives the need for outside support. That is to say, business and profit for the consultants, trainers and registrars.The second reason is, either it’s too difficult to understand the intent of the standards or more likely we choose not to take the time to understand them in the first place. It is obviously much easier to read the words and react to the first notion that comes or accept someone’s rote interpretation as gospel rather than actually study the standards from the perspective of management and desired performance.
Explanation:
1) Conformance to MSA processes 2) Conformance to prototype processes 3) Conformance to PPAP processes 4) Conformance to statutory and regulatory requirements 5) Conformance to Control Plan requirements and 6) Conformance to batch control methodologies. The remaining six references to conformity fall into two general categories. Two that refers to conformance to the QMS of the organization and four that refers to conformance to the standard. But, the standard emphasizes conformance to the requirements of the product and conformance to customer-specific requirements as we have shown. In addition, as we will see the standards emphasize effectiveness and efficiency. Therefore, doesn’t the requirement to conform to the standard by association means the efficient and effective conformance of the product and conformance to customer requirements? Isn’t conformance to the standard and conformance to the requirements of the product, conformance to customer-specific process requirements, and the application of effective and efficient processes the same thing? Within the ISO/IATF standards there are twenty-four references to effectiveness and another four referencing efficiency; two of which reference efficiency and effectiveness together.
According to common definitions as applied to systems:
“A process is efficient if it provides adequate valuable and profitable results. Is done in a useful, productive, well organized, systematic way, by able, skillful, competent, capable, people who are proficient and economical in their functions.”
“A process is effective if it meets all of the requirements for efficiency and the resulting performance is valid.” That is to say, it meets the intended ends.
