Author Question: Refer to Table 15-2. What is the amount of profit that the firm earns? A) 34.50 B) 42 C) 47 D) ... (Read 86 times)

Ebrown · **on:** Jun 29, 2018

Refer to Table 15-2. What is the amount of profit that the firm earns?

A) 34.50 B) 42 C) 47 D) 49

Question 2

Why is a typical person likely to gather more information when buying a new car than when voting for a member of Congress?

A) because it is less costly to acquire information about consumer items than it is about political candidates
B) because a person's preferences are more likely to be met with little effort in the political sphere but this is not the case when buying a car in the private marketplace
C) because buying a new car affects a person more immediately and personally compared to voting for a member of Congress; in the latter, a person's vote is only one of many voters and therefore, not likely to have a large impact on the outcome
D) because the effects of buying a car are long term while a member of Congress has a relatively short tenure