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Author Question: The optimal collective decision rule is found where _____. a. decision-making costs are minimized ... (Read 103 times)

littleanan

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on: Jul 1, 2018
The optimal collective decision rule is found where _____.
 
  a. decision-making costs are minimized
  b. the sum of the external and decision-making costs are minimized
  c. marginal political costs and marginal political benefits are equalized
   d. external costs are minimized

Question 2

Suppose Joe's utility for lobster (L) and soda (S) can be represented as U = L0.5 S0.5. Joe walks into a restaurant with 72. Lobsters cost 18 each and sodas cost 2 each.
 
  How much lobster and soda will Joe consume if he intends to spend all his money? (There are no tax and no tips.)
Microeconomics ¦ Perloff ¦ 8th Edition
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nital

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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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littleanan

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

cpetit11

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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