Author Question: The kinked demand curve is an attempt to model strategic behavior. Indicate whether the statement ... (Read 91 times)

vicky

  • Hero Member
  • *****
  • Posts: 586
The kinked demand curve is an attempt to model strategic behavior.
  Indicate whether the statement is true or false

Question 2

Economic reasoning suggests that individuals should spend little time learning about election candidates and other electoral issues because:
 a. marginal benefit is zero.
  b. the information cost is too high compared to the benefit to the individual.
  c. information is easily available.
  d. the result of the election are unlikely to have a serious impact on a market-driven economy.



ghepp

  • Sr. Member
  • ****
  • Posts: 361
Answer to Question 1

True

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

For a complete list of videos, visit our video library