Majority voting fails to incorporate the strength of the preferences of individual voters and therefore multiple choice

1. is the primary reason for public sector failure.
2. creates the opportunity for the fallacy of limited decisions.
3. reduces the power of the median voter. reduces the power of the m
4. may produce economically inefficient outcomes.

Suppose the number of firms you compete with has recently increased. you estimated that as a result of the increased competition, the demand elasticity has increased from –2 to –3 (i.e., you face more elastic demand). you are currently charging $10 for your product. what is the price that you should charge if demand elasticity is -3?

Which stroke of the four-stroke cycle is shown in the above figure? a. power b. compression c. exhaust d. intake

You are evaluating two different silicon wafer milling machines. the techron i costs $285,000, has a three-year life, and has pretax operating costs of $78,000 per year. the techron ii costs $495,000, has a five-year life, and has pretax operating costs of $45,000 per year. for both milling machines, use straight-line depreciation to zero over the project’s life and assume a salvage value of $55,000. if your tax rate is 24 percent and your discount rate is 11 percent, compute the eac for both machines.