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Author Question: Economic theory assumes elected representatives in government vote A) in the public interest. B) ... (Read 127 times)

Charlie

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on: Jun 29, 2018
Economic theory assumes elected representatives in government vote
 
  A) in the public interest.
  B) without any interest.
  C) in their own interest.
  D) in complete harmony with the interests of the majority of citizen-voters.

Question 2

Refer to the figure above. If the monopolist faces a constant marginal cost of 2, at what price should it sell its output?
 
  A) 2
  B) 6
  C) 10
  D) 12


meow1234

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  • Posts: 333
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


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