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Author Question: Suppose in a democratic society, all voters prefer choice G over choice B; however, when the two ... (Read 72 times)

ishan

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on: Jul 1, 2018
Suppose in a democratic society, all voters prefer choice G over choice B; however, when the two choices are presented along with a third choice, R, B wins the election. This violates the assumption of
 
  A) transitivity.
  B) non-dictatorship.
  C) independence of irrelevant alternatives.
  D) completeness.

Question 2

A U.S. firm currently produces 200 units of output according to the production function q = L0.5K0.5 and faces input prices equal to wU.S. = rU.S = 11. Should the U.S. firm move their company abroad where they will face input prices equal to wabroad = 6.50 and rabroad = 15.00?
 
  A) Yes, because the total costs will fall from 3,859 to 2,810.
  B) No, because the total costs will increase from 2,810 to 3,859.
  C) No, because the firm has decreasing returns to scale.
  D) Not enough information is given to answer this problem.
Microeconomics ¦ Perloff ¦ 8th Edition
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amanda_14

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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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ishan

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

zacnyjessica

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Reply 3 on: Yesterday
Excellent

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