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Carrboro has three equal-sized groups of people: (1) type A people consistently prefer more police protection to less; (2) type B people prefer high levels of police protection to low levels and they prefer low levels to medium levels; (3) type C people prefer medium levels to low levels, which they in turn prefer by a modest amount to high levels.
(a) Which types of people have single-peaked preferences? Which have multi-peaked preferences?
(b) Will majority voting generate consistent outcomes in this case? Why or why not?
the participation rate 60 percent, 200 million people 16 years or older are not in the labor force. How many people are in the working-age population in this economy?
How much must be deposited each month for 9 months at an interest rate of 9.6% per month to allow for a single withdrawal of $54,273.31 at the same time as the last deposit?
Assume that PY increases by 15%, what percentage effect on quantity demanded of product X could be expected.
the hhi for automobiles is 2350 for sporting goods is 161 for batteries is 2883 and for jewelry is 81. which of these
What are some examples of behavior that at one time wire victimless crimes that are no longer criminal.
Will John take a dangerous job if he is offered $500 per week? Why or why not? Calculate John's reservation price.
Analyze several indicators of the macroeconomic conditions in an economy, such as GDP, unemployment, CPI, and other indicators such as interest rates, income.
They face a straight market demand curve that runs from $500 on the price axis to 1000 on the quantity axis.How much profit will they make at that quantity? Why is this firm a natural monopolist?
Workers make the supply decisions in labor markets, but firms (represented by hiring managers) make the demand decisions. Will firms want to hire more workers or fewer workers when the wage rate rises? What are some techniques employers can use to ..
Illustrate what can be said about the utilization of resources when 20 airplanes and 20 buses are produced. What is the opportunity cost of increasing the production of airplanes from 50 to 60? From 0 to 10 airplanes.
q.marys fence post factory faces a perfectly elastic demand curve for fence posts at a price of 39 per post. let q
Discuss and describe the effect you have on this process when you pay for your late-night pizza delivery, or your other take-out food choices, using your bank debit or credit card. What is the effect if you obtained cash from the ATM to pay for this ..
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