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Author Question: Government institutions that protect the rights of individuals are ______. a. the executive, ... (Read 588 times)

codyclark

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on: Jul 1, 2018
Government institutions that protect the rights of individuals are ______.
 
  a. the executive, legislative, and judicial branches of government
  b. federal, state, and local governments
  c. federal agencies such as OSHA, FEC, and the FCC
   d. police, military branches, and the court system

Question 2

Lisa views pizzas and burritos as goods. If she prefers a bundle of 4 burritos and 4 pizzas to a bundle of 4 burritos and 5 pizzas, which property of consumer preference is violated?
 
  What change in the assumptions could lead a rational consumer to prefer the first bundle?


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diesoon

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

d

Answer to Question 2

The property of more-is-better is violated. However, if pizza is a bad, then a rational consumer would prefer the first bundle.


codyclark

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

xthemafja

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Reply 3 on: Yesterday
Excellent

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