Author Question: Refer to Figure 12-10. Total revenue at the profit-maximizing level of output is A) 1,200. B) ... (Read 84 times)

Starlight · **on:** Jun 29, 2018

Refer to Figure 12-10. Total revenue at the profit-maximizing level of output is

A) 1,200. B) 2,500. C) 4,800. D) 6,000.

Question 2

The political process is more likely to serve the interests of individuals whose preferences are in the middle, rather than individuals with preferences that are much to the left or right of the political center.

This statement is best explained by which of the following?
A) logrolling B) the Arrow impossibility theorem
C) the voting paradox D) the median voter theorem