Author Question: The public choice model A) applies economic analysis to government decision making. B) applies ... (Read 168 times)

jenna1 · **on:** Jun 29, 2018

The public choice model

A) applies economic analysis to government decision making.
B) applies economic analysis to the collective decision making of consumers.
C) examines the public's role in appointing politicians and ensuring that elected officials act in ways to reflect the public's preferences.
D) examines the degree of market power that the public exerts in a market economy.

Question 2

Refer to Table 17-2. The marginal revenue product of labor from the third unit of labor is

A) 5,460. B) 1,560. C) 1,260. D) 780.