A politician, who wants to receive the maximum number of votes, spends 9 hours a week speaking to various groups. The table below shows his estimates of how time spent with each group will affect the number of votes he receives: 
Based on the information above, how should the politician allocate his speaking time?
A. 5 hours to LPM, 2 hours to TM, 2 hours to LCL
B. 4 hours to LPM, 2 hours to TM, 3 hours to LCL
C. 5 hours to LPM, 1 hours to TM, 3 hours to LCL
D. 3 hours to LPM, 3 hours to TM, 3 hours to LCL
Answer: C
You might also like to view...
Every society must deal with the problem of scarcity because:
a. people do not have enough money to buy everything they need. b. government levies heavy taxes on households and firms. c. human beings become satiated as consumption increases. d. human wants are nearly unlimited relative to the availability of resources. e. productive resources, technology, and labor are unlimited.
Which tool do economists use to determine the effect of an economic event on equilibrium price and quantity?
a. equilibrium price b. the four-step process c. demand schedule d. supply schedule
If consuming more of a good doesn't affect a consumer's well-being, then:
A. the marginal utility of the good is positive. B. the marginal utility the good is negative. C. the marginal utility the good is constant. D. the marginal utility the good is zero.
Based on the figure below. Starting from long-run equilibrium at point C, an increase in government spending that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ creating _____gap. 
A. D; an expansionary B. B; no output C. B; expansionary D. A; a recessionary