Apple, the consumer electronics giant, on Tuesday rolled out new versions of its popular iPad tablet. Suppose when the price of an iPad decreases by 20 percent, the number of songs downloaded on iTunes increases by 30 percent

The Condorcet paradox shows that even if each individual in a group has transitive preferences, the group's collective preferences may not be transitive

Indicate whether the statement is true or false

Exhibit 30-3 Costs of Eliminating:Firm A Firm B Firm C 1st ton of pollution$ 30 $ 50 $  600 2nd ton of pollution$ 70 $ 90 $  700 3rd ton of pollution$125 $150 $  900 4th ton of pollution$200 $250 $1,300 Refer to Exhibit 30-3. Suppose that Firms A, B, and C are the only polluters in the state and that each emits 4 tons of pollution into the atmosphere. To cut the level of pollution in half, the government mandates system whereby each firm must reduce its pollution level by one-half. The total cost of complying with the mandate is

A. $433. B. $1,540. C. $2,750. D. $8,570. E. $11,650.