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

Author Question: The optimal collective decision rule is found where _____. a. decision-making costs are minimized ... (Read 157 times)

littleanan

  • Hero Member
  • *****
  • Posts: 575
on: Jul 1, 2018
The optimal collective decision rule is found where _____.
 
  a. decision-making costs are minimized
  b. the sum of the external and decision-making costs are minimized
  c. marginal political costs and marginal political benefits are equalized
   d. external costs are minimized

Question 2

Suppose Joe's utility for lobster (L) and soda (S) can be represented as U = L0.5 S0.5. Joe walks into a restaurant with 72. Lobsters cost 18 each and sodas cost 2 each.
 
  How much lobster and soda will Joe consume if he intends to spend all his money? (There are no tax and no tips.)
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

nital

  • Sr. Member
  • ****
  • Posts: 320
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 29% of students answer this correctly


littleanan

  • Member
  • Posts: 575
Reply 2 on: Jul 1, 2018
:D TYSM

nanny

  • Member
  • Posts: 313
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Examples of deep-sea corals found in the Sable Gully, 200 km off the coast of Nova Scotia. Examples of deep-sea corals found in the Sable Gully, 200 km off the coast of Nova Scotia.
These young children are taking the initiative to explore their environment as they examine a snail These young children are taking the initiative to explore their environment as they examine a snail
Rotating Furnace for Making Parabolic Telescope Mirrors Rotating Furnace for Making Parabolic Telescope Mirrors
Decision Making Decision Making
Some of the many small molecules found in cells Some of the many small molecules found in cells
Elements Found in Organisms Elements Found in Organisms
Video: Hormonal regulation of pregnancy - week 1

For a complete list of videos, visit our video library