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 167 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
Thanks for the timely response, appreciate it

EAN94

  • Member
  • Posts: 307
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

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?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

DNA replication according to the AT/GC rule DNA replication according to the AT/GC rule
Energy costs of locomotion. Energy costs of locomotion.
A jawbone found in the mainland Jenolan Caves A jawbone found in the mainland Jenolan Caves
Some uses of recombinant DNA technology for making improved vaccines Some uses of recombinant DNA technology for making improved vaccines
Replace the canister’s top (making sure it is tight) and connect its hose to the fuel rail ... Replace the canister’s top (making sure it is tight) and connect its hose to the fuel rail ...
Different types of fog found throughout the United States Different types of fog found throughout the United States
Video: Brief Summary on Photosynthesis - Animation

For a complete list of videos, visit our video library