Suppone that there are three equal-sized groups of voters in a community trying to select the amount of educational expenses per student. The alternatives are to spend either $2000, 85000, or $7000 per student. The positions of the three voting groups are shown below: Group 1 11 III Table 1.1: Benefit Matrix Most Preferred Second Choice 3000 5000 5000 7000 7000 3000 Third Choice 7000 3000 5000 1. Would majority voting select a level of spending? Why? b. What is the next best alternative in selecting a level of government spending? c. Is there a problem with the method you proposed in (b)? If there is a problem with the method you proposed in (h) what are these problems? Plot the preferences of each group and provide a discussion.
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