Author Question: If voters are rationally ignorant, then the interest of the bureaucracy to maximize its budget will ... (Read 40 times)

audragclark · **on:** Jun 29, 2018

If voters are rationally ignorant, then the interest of the bureaucracy to maximize its budget will result in an oversupply of a public good.

Indicate whether the statement is true or false

Question 2

A monopsony pays a wage rate that is

A) greater than value of marginal product.
B) equal to the marginal cost of labor.
C) less than value of marginal product.
D) unacceptable to the workers hired.