Even when preferences are _____, the _____ will produce a single ...

[luminitza]

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

[Eazy416]

Answer to Question 1

d

Answer to Question 2

B

[luminitza]

Thanks for the timely response, appreciate it

[tkempin]

Gracias!