_______________________: A group of theories which attempt to explain the voting behaviors of voters & politicians
Fill in the blank(s) with the appropriate word(s).
Ans: Public Choice Theory
Economics
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The figure above shows the market for a good with an external benefit. When 6 units are produced, marginal social benefit equals ________ and marginal external benefit equals ________
A) $200; $150 B) $350; $200 C) $200; $50 D) $350; $150 E) $150; $250
Economics
In the above figure, at point a what is the opportunity cost of producing one more audio tape?
A) 1 video tape per audio tape B) 2 video tapes per audio tape C) 14 video tapes per audio tape D) There is no opportunity cost.
Economics