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Author Question: No clearly defined socially preferred outcome may result when majority voting on outcomes because ... (Read 93 times)

fbq8i

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on: Jul 1, 2018
No clearly defined socially preferred outcome may result when majority voting on outcomes because
 
  A) often voters don't understand the outcomes.
  B) voting may violate the independence of irrelevant alternatives.
  C) voting may lead to incomplete preferences.
  D) voting may lead to non-transitive preference.

Question 2

A firm produces output according to the production function, q = L4/3K1/2 and faces input prices equal to w = 20 and r = 80. What is the minimum cost of producing 1140 units of output?
 
  A) Cost = 780
  B) Cost = 694
  C) Cost = 2,071
  D) Not enough information is given to answer this problem.
Microeconomics ¦ Perloff ¦ 8th Edition
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choc0chan

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Reply #1 on: Jul 1, 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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fbq8i

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

emsimon14

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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