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Author Question: The fact that the incremental annual increase in budgets varies considerably by department suggests ... (Read 71 times)

dmcintosh

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on: Jul 1, 2018
The fact that the incremental annual increase in budgets varies considerably by department suggests that _____.
 
  a. popular programs get more funding that unpopular programs
  b. incrementalism is not a complete theory of the government budget process
  c. special interest influence is constant
   d. a and b

Question 2

Which of the following average cost functions suggests the presence of a natural monopoly?
 
  A) AC = 2
  B) AC = 100/Q + 2
  C) TC = 100/Q + 2Q
  D) All of the above.


brittanywood

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Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

B


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