Collective decision making costs _____
a. decrease as we get closer to unanimity
b. increase as more people have to agree
c. are an impediment to individual action
d. are the reason why simple majority rule is always optimal
b
Economics
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Refer to the scenario above. If Molly wins the auction by using her optimal bidding strategy, she will earn a surplus of ________
A) $0 B) $50 C) $14 D) $25
Economics
"The marginal rate of substitution of the good measured along the x-axis increases as a consumer moves downward along an indifference curve." Is the previous statement correct or not?
What will be an ideal response?
Economics