Author Question: The kinked demand curve is an attempt to model strategic behavior. Indicate whether the statement ... (Read 77 times)

vicky

  • Hero Member
  • *****
  • Posts: 586
The kinked demand curve is an attempt to model strategic behavior.
  Indicate whether the statement is true or false

Question 2

Economic reasoning suggests that individuals should spend little time learning about election candidates and other electoral issues because:
 a. marginal benefit is zero.
  b. the information cost is too high compared to the benefit to the individual.
  c. information is easily available.
  d. the result of the election are unlikely to have a serious impact on a market-driven economy.



ghepp

  • Sr. Member
  • ****
  • Posts: 361
Answer to Question 1

True

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

For a complete list of videos, visit our video library