Which of the following predictions is consistent with public choice theory?   a.  Voters always cast votes based on hard facts, not based on whether they like a candidate's personality.     b.  Legislation enacted is rarely a result of special interest legislation.     c.  Many voters will be uninformed on political and government issues.     d.  Voters always cast votes based on whether they like a candidate's personality, not on hard facts

Q: Suppose that marginal cost, and thus market supply, for the industry is given by P=2Qs + 4. The…

A: Marginal external cost (MEC) is  extrade withinside the value to events apart from the manufacturer…

Q: in the IS-LM framework, the OA lending: borrowing OB. bank; prime interest rate directly reflects…

A: A central bank is a public establishment that deals with the cash/currency of a nation or gathering…

Q: Alcoa and Kaiser, duopolists in the market for primary aluminum ingot, choose prices of their 500…

A: The time value of money (TVM) is the idea that a sum of money is worth more now than the same sum…

Q: Consider again the same economy with two banks: Bank One and Bank Two. Partial balance sheet…

A: The money multiplier is a peculiarity of making money in the economy as credit creation.

Q: E5

A: We know that International economics deals with the allocation and proper utilization of the scarce…

Q: Which of the following shifts the demand curve for rice? A. a decrease in the price of a pound of…

A: Meaning of Demand and Supply: The term demand refers to the willingness of an individual to…

Q: The figure below depicts two possible supply curves and two possible demand curves in a perfectly…

A: Movement from A to E involves two movements: On the supply side, we see that A lies on the supply…

Q: A risk-neutral firm produces chemical products, and its objective is to maximize expected profit.…

A: Given information When firm invest low amount for safety Cost=$0 Probability of accident= 80%…

Q: What is the set of strategies for player 2? O ((AA). (A, B'), (B'A'), (B, B')) O {(A, B). (A, B')} O…

A: This is an example of sequential form of game. Here, one player moves first and then firm player is…

Q: Sketch a production function relating output to labour input. You should assume diminishing marginal…

A: Production function is a function which represents the technology which converts the inputs like…

Q: Suppose that a firm produces wool jackets in a monopolistically competitive market. The following…

A: Firms working under monopolistic competition vary from perfectly competitive firms. The item they…

Q: In a market, the consumer surplus is 800,000 units and the producer surplus is 100,000. Which of the…

A: Here, it is given that at the market operating output level, consumer surplus is 800,000 and…

Q: Scenario Snackyville sells a wide variety of snacks to retail grocery stores. Snackyville recently…

A: Firms use a variety of pricing methods to achieve a competitive edge and increase profits, including…

Q: What are non-tax sources of public revenue?

A: The term "public finance" refers to the study of government revenue and expenditures. It examines…

Q: Suppose that there are two types of entrepreneur: skilled and unskilled. Skilled entrepreneurs have…

A:

Q: The level of equilibrium income, Y, = $_____(Enter response rounded two decimal places)   The…

A:

Q: Starting a gluten free and nut free restaurant has been a lifelong dream of Sydney Quintero, since…

A: A payoff matrix is a way to show the output of players' choices in a game. A payoff matrix does not…

Q: The figure below depicts two possible supply curves and two possible demand curves in a perfectly…

A: Thank you for the question. According to Bartleby answering guidelines, we are allowed to answer…

Q: Suppose that the monopolist can produce with total cost: TC = 20Q. Assume that the monopolist sells…

A: Monopoly market refers to the market structure that can be identified by one seller, who sells a…

Q: Merry Industries is considering a new piece of equipment for a project lasting 10 year with details…

A: The annual worth method or AW method implies that all the incomes along with disbursements, regular…

Q: Based on your previous answers, would the government plan to increase production be likely to be…

A:

Q: Blake&Sons run a business of manufacturing animal trackers in Lansing, Michigan. It employs a total…

A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: why do extractive industries companies need a social license to operate in a host state and how do…

A: Large infrastructure has long served as a metaphor for progress. If it is supported by the creation…

Q: At the market equilibrium quantity in Figure A, what is the marginal external cost? a) $6 b) $8 c)…

A: Marginal external cost (MEC) is the cost incurred by the third party from the production of one…

Q: a Calculate the missing total revenue and marginale Instructions: Enter your answers as whole…

A: Total revenue, which is the full amount of total sales, is calculated by multiplying the total…

Q: The table below shows the payoff matrix for a game between Toyota and Honda, each f which is…

A: At the point when a market is in equilibrium, the price of a good or administration will in general…

Q: Consider the following Extended Form Game: A' (9,5) O {(A,B), (A', B')} A P2 P1 O ((B,B), (A', B')}…

A: To determine the Nash equilibria which is subgame perfect, we will use the extensive form…

Q: medical complexes and their service providers continue to move toward advanced health informatics -…

A: Given, Cost = 270000 Salvage value = 10000 Useful life = 6 Depreciation calculated as Double…

Q: R3

A: The demographic transition is a model under developmental economics that relates the population…

Q: following real GDP is $800 billion, potential real GI $950 billion, the MPC is .80, and the MPL

A: A recession can be described as a sustained period of weak or negative decelipment in real GDP…

Q: Suppose there are three firms in a small economy: Farm Tech Company I Tech Company II 150 50 75 100…

A: GDP or Gross Domestic Product is defined as the value of final goods and services, which is bought…

Q: The graph shown below illustrates the Lorenz Curves in Country X and Country Y in 2021. Note that…

A: Given information: We have given the Lorenz curve for country X and country Y. The Lorenz curve for…

Q: The Tampa Tribune and the St. Petersburg Times compete for readers in the Tampa Bay market for…

A: We are going to solve Normal form game to answer this question.

Q: The government's policy goal is to reduce sugar consumption since consuming a lot of sugar is linked…

A: Elasticity of demand is the proportional change in quantity demanded in response to change in price…

Q: Suppose that Penniwise the Clown purchases one pizza per month when the Price is $19 and three…

A: The price elasticity of demand (PED) alludes to the corresponding change in quantity demanded when…

Q: QUESTION 3 P 20 16 12 8 4 HIN D 0 0 4 8 12 16 20 24 S 03. Assume a $4 sales tax is imposed on this…

A: We need to calculate Price elasticity of Supply and Demand to answer this question

Q: Costs that change with the level of per unit of production are referred to as ________.     Fixed…

A: cost, in like manner use, the money related worth of labor and products that makers and consumers…

Q: Draw graphs to show "People respond to incentives and disincentives" in relation to the demand curve…

A: The demand curve represents the quantity demanded for a good at different prices keeping other…

Q: uantity of Total roduct A Utility 1 2 3 4 5 6 7 16 30 42 52 60 66 70 Marginal Utility 16 14 12 10 8…

A: A consumer will maximise utility at a point where marginal utility per dollar of good A is equal to…

Q: People scalping tickets for the Super Bowl will be successful at selling the tickets for a profit…

A: Please find the answer below.   SCALPING: Scalping is a trading strategy geared towards profiting…

Q: What is informal sector

A: All the economis of the world can be broadly classified into two types of sectors, that is, formal…

Q: time lag 33. If an increase in government spending causes an increase in government borrowing, this…

A: Note: “Since you have asked multiple questions, we will solve the first question for you. If you…

Q: 06. Using the midpoint basis, and expressing the answer in fraction or integer format, calculate the…

A:

Q: Consider two countries, home and foreign and a single good, Y. Assume that home country imports good…

A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: List 3 possible explanations of the Leontief pardox? asap

A: Leontief's paradox in economics is that a nation with a higher capital per worker has a low…

Q: Explain how economic depression and imperialism are linked

A: When talking about economic depression, it is the fluctuations in the economic cycle in the…

Q: The figure below depicts the market supply and demand for the perfectly competitive rollerblade…

A: Please find the answer below.   PERFECTLY COMPETITIVE: The term perfect competition refers to a…

Q: Explain liquidity preference theory of interest. Write its criticism.

A: The theory of liquidity preference was developed by world renowned economist, John Maynard Keynes.…

Q: K Uncoventional monetary policy: financial policy and quantitative easing Suppose that the IS and LM…

A: Given information IS function: Y=C*(Y-T)+I*(Y, r+x)+G LM: r=r* C= consumption Y= income level Y= tax…

Q: Which of the following will cause the money supply to decline?   a.  an open market sale     b.…

A: Monetary policy has is used to affect the money supply in the economy. Reserve requirement, open…