Refer to Figure 11-5. Identify the curves in the diagram.
A) E = average fixed cost curve; F = average total cost curve; G = average variable cost curve, H = marginal cost curve
B) E = marginal cost curve; F = total cost curve; G = variable cost curve, H = average fixed cost curve
C) E = average fixed cost curve; F = variable cost curve; G = total cost curve, H = marginal cost curve
D) E = marginal cost curve; F = average total cost curve; G = average variable cost curve; H = average fixed cost curve.
Question 2
Refer to Table 18-1. Suppose a series of votes are taken in which each pair of alternatives is considered in turn. If the vote is between allocating funds to education subsidies and increased border security
A) Jasmine and Ivy vote for increased border security, Rose votes for education subsidies, and increased border security wins.
B) Ivy and Jasmine vote for education subsidies, Rose votes for increased border security, and education subsidies wins.
C) Jasmine and Rose vote for education subsidies, Rose votes for increased border security, and education subsidies wins.
D) Ivy and Rose vote for increased border security, Jasmine votes for education subsidies, and increased border security wins.
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