Vacation destination choice Walter, Yvonne, Zachary, and Jessica are college roo

Question

Vacation destination choice Walter, Yvonne, Zachary, and Jessica are college roommates. They're trying to decide where the four of them should go for spring break: Daytona Beach or Orlando. If they order the tickets by 10:00 PM on February 1, the cost will be just $500 per person. If they miss that deadline, the cost rises to $1, 200 per person. The following table shows the benefit (in dollar terms) that each roommate would get from the two trips. The roommates will get put off making decisions. So, when February 1 rolls around and they still haven't made a decision, they schedule a vote for 9:00 PM that night. In case of a tie, they will flip a coin between the two vacation destinations. The roommates will get the most total benefit if they choose to go to Given the individual benefits each roommate receives from the two trips, which trip will each roommate vote for? Fill in the table with each roommate's preferred location, assuming that a given roommate will abstain if he or she has no preference. Under majority rule, the roommates will vote to go to Therefore, majority rule leads to an economically outcome. Suppose Jessica misses the vote, leaving Walter, Yvonne, and Zachary to figure out where they're going to go. Walter and Yvonne argue for their preferred destinations, but Zachary offers to vote with Walter if Walter will vote on his side in an upcoming class election. This is an example of

Explanation / Answer

1. Oriando because total benefit of roommates in Oriando is greater than the Daytona beach i.e. (950 + 550 + 650 + 750) is greater than (450 + 750 + 650 + 950)

2. Oriando because benefit form Oriando (i.e. $ 950) is greater than the Daytona beach (i.e. $450).

3. Daytona beach because benefit form Daytona beach (i.e. $ 750) is greater than the Oriando (i.e. $550).

4. Abstrain because benefit form Oriando (i.e. $ 650) is equal to benefit from Daytona beach (i.e. $650).

5. Daytona beach because benefit form Daytona beach (i.e. $ 950) is greater than the Oriando (i.e. $750).

6. Daytona beach because Yvonne and Jessica chooses Daytona while only Walter chooses Oriando.

7. Inefficient because benefit is greater when all chooses Oriando.

8. logrolling

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