Based on the data in the table above, after which worker is hired do diminishing marginal returns begin?
A) the first
B) the fifth
C) the sixth
D) the ninth
C
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Which of the following is an assumption of the median voter model?
a. Voters are assumed to have heterogeneous preferences. b. Voters are assumed to be able to place all possible election outcomes within a one-dimensional continuum. c. Voters are assumed to have homogenous preferences. d. Voters are assumed to be able to compare current election outcomes with past election outcome with perfect recall.
The government unit that wants to achieve "revenue enhancement" will find it considerably more favorable to enact an excise tax on goods whose demand is
A) highly elastic. B) relatively elastic. C) highly inelastic. D) unitary elastic.
Refer to Scenario 13.16. If Gooi can move first, and Ici wants to realize the ($150, $300 ) payoff,
A) all it has to do is threaten to buy yogurt machines, no matter what Gooi does. B) it could make its threat credible by rearranging its physical plant so that the installation of gelato machines by Gooi would bring in profit less than $50. C) it could make its threat credible by rearranging its physical plant so that the installation of gelato machines by Gooi would bring in profit less than $150. D) it could make its threat credible by rearranging its physical plant so that the installation of gelato machines by Gooi would bring in profit less than $300. E) it has to move before Gooi; there is no other way.
Referring to Table 4.2, Box O should be filled with 
A. $2. B. $0. C. $7.50. D. $12.50.