When an equal percentage increase in the factors of production raises real GDP by the same percentage, the production function has the characteristic known as

Rational ignorance suggests that

a) it is easier to aim at the median voter because it is a less costly strategy for the politicians b) low voter turnout is due to a lack of understanding of the importance of political platforms c) all voters will pursue information about each issue before voting d) all voters will be ignorant on issues that are not of special interest to them

Marginal utility is the extra utility a consumer derives from consuming an extra unit of a good

a. True b. False