This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The optimal collective decision rule is found where _____. a. decision-making costs are minimized ... (Read 195 times)

littleanan

  • Hero Member
  • *****
  • Posts: 575
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nital

  • Sr. Member
  • ****
  • Posts: 320
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.
Answer Preview
Only 29% of students answer this correctly


littleanan

  • Member
  • Posts: 575
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

xiaomengxian

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

The most abundant elements found in living organisms The most abundant elements found in living organisms
The Indian palm squirrel is the most common type of squirrel found in India. The Indian palm squirrel is the most common type of squirrel found in India.
Features found in a long bone. Features found in a long bone.
Examples of Ways That Different Types of Intersections of Two Line Segments Can Be Transformed into Examples of Ways That Different Types of Intersections of Two Line Segments Can Be Transformed into
The hemes found in cytochromes The hemes found in cytochromes
The components making up the DNA Pol III holoenzyme The components making up the DNA Pol III holoenzyme
Video: Type of Cell Junctions - Desmosome, Hemidesmosomes and Gap Junctions

For a complete list of videos, visit our video library