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Author Question: Suppose 1 billion is available in the budget and Congress is considering allocating the funds to one ... (Read 55 times)

kwoodring

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on: Jun 29, 2018
Suppose 1 billion is available in the budget and Congress is considering allocating the funds to one of the following three alternatives:
 
  a. subsidies for education
  b. research on Alzheimer's
  c. increased border security
 
  If voters prefer a to b and b to c, then if preferences are transitive
  A) they should prefer c to a.
  B) they should prefer a to c.
  C) they should be indifferent between a and c.
  D) it is not always possible to rank voters' preferences between a and c.

Question 2

Which of the following is true for a monopolist?
 
  A) Being the only seller in the market, the monopolist faces the market demand curve.
  B) Being the only seller in the market, the monopolist faces a perfectly elastic demand curve.
  C) Being the only seller in the market, the monopolist faces a downward-sloping demand curve that lies below the marginal revenue curve.
  D) Being the only seller in the market, the monopolist faces a perfectly inelastic demand curve.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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Meganchabluk

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Reply #1 on: Jun 29, 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.
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kwoodring

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

frankwu0507

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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