Math Problem Solver

In the figure below, we see that traditional one-person-one-vote (1p1v) majority voting results in an inefficient majority "yes" vote (two in favor, one opposed). Let's see whether the outcome is better under quadratic voting. (Note: When answering the questions below, assume a quadratic voting system. Also assume that the amounts shown in the figure reflect the value of the benefits of a proposed public good to each individual voter. And, assume that if the vote passes, each voter will be required to pay $300 in additional taxes.)A graph plots voter versus benefit tax.In the bar graph, the horizontal axis is labeled Voter and the vertical axis is labeled Benefit; Tax. The vertical axis ranges from 0 to 600 in increments of 100 units. Data shown by the graph are as follows: Garcia 100; Johnson 350; and Lee 350.Instructions: Enter your answers as a whole number.How much will Garcia be willing to spend on votes?Up to $

100

How much each will Johnson and Lee be willing to spend on votes?

Up to $ eachHow many votes will Garcia purchase? votesHow many will Johnson and Lee each purchase? votes eachWhat is the total number of votes cast for "No"?For "Yes"?Approval of this project requires a 50-percent-plus-1 majority. Will the project be approved?NoDoes quadratic voting lead to the economically efficient outcome here?Yes