This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose in a democratic society, all voters prefer choice G over choice B; however, when the two ... (Read 49 times)

ishan

  • Hero Member
  • *****
  • Posts: 546
on: Jul 1, 2018
Suppose in a democratic society, all voters prefer choice G over choice B; however, when the two choices are presented along with a third choice, R, B wins the election. This violates the assumption of
 
  A) transitivity.
  B) non-dictatorship.
  C) independence of irrelevant alternatives.
  D) completeness.

Question 2

A U.S. firm currently produces 200 units of output according to the production function q = L0.5K0.5 and faces input prices equal to wU.S. = rU.S = 11. Should the U.S. firm move their company abroad where they will face input prices equal to wabroad = 6.50 and rabroad = 15.00?
 
  A) Yes, because the total costs will fall from 3,859 to 2,810.
  B) No, because the total costs will increase from 2,810 to 3,859.
  C) No, because the firm has decreasing returns to scale.
  D) Not enough information is given to answer this problem.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

amanda_14

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 50% of students answer this correctly


ishan

  • Member
  • Posts: 546
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

nanny

  • Member
  • Posts: 313
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

A study by Seehausen and van Alphen involving the effects of male coloration on female choice in Afr A study by Seehausen and van Alphen involving the effects of male coloration on female choice in Afr
Horses need to lie down occasionally, and prefer soft ground for a nap. Horses need to lie down occasionally, and prefer soft ground for a nap.
This chart illustrates the “drip down” model of government. In this, politics is formed by the soc This chart illustrates the “drip down” model of government. In this, politics is formed by the soc
The subculture that centers around tattooing previously existed on the fringes of society, with ... The subculture that centers around tattooing previously existed on the fringes of society, with ...
Every society has boundaries that divide what is considered socially acceptable from what is not ... Every society has boundaries that divide what is considered socially acceptable from what is not ...
Society: The Basics Society: The Basics
Video: Condensation and Hydrolysis Animation

For a complete list of videos, visit our video library