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Author Question: Even when preferences are _____, the _____ will produce a single winner. a. not single peaked; ... (Read 113 times)

luminitza

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on: Jul 1, 2018
Even when preferences are _____, the _____ will produce a single winner.
 
  a. not single peaked; equilibrium
  b. single peaked; log-rolling
  c. cyclical; majority rule system
   d. cyclical; primary system

Question 2

A small business owner earns 60,000 in revenue annually. The explicit annual costs equal 40,000. The owner could work for someone else and earn 25,000 annually. The owner's accounting profit is ________ and owner's economic profit is ________.
 
  A) 20,000, 5,000
  B) 20,000, -5,000
  C) 25,000, -5,000
  D) 45,000, -5,000


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Eazy416

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Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

B


luminitza

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

apple

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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