Based on the graph showing the median voter, if candidate A took a position at V1, candidate B would have the best chance to win the election by taking a position ______.
a. just to the left of V1
b. just to the left of V2
c. just to the right of V1
d. exactly at V2
a. just to the left of V1
Economics
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The analysis of asymmetric information problems is called ________
A) adverse selection B) microeconomics C) cybernetics D) agency theory
Economics
Suppose a farmer is a price taker for soybean sales with cost functions given by TC = .1q2 + 2q + 100 MC = .2q + 2 The firm's supply curve is given by
a. q = 5P - 10 b. q = .2P +2 c. q = 10P - 2 d. q = 2P - 5
Economics