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Title: Budget maximization by bureaus leads to Post by: dr_lawlz on Feb 27, 2018 Budget maximization by bureaus leads to
a. efficient budgets b. budgets greater than those desired by median voters c. budgets less than those desired by median voters d. budgets equal to those desired by median voters e. budgets less than those desired by the majority of voters QUESTION 2 Cost-plus pricing a. is used only in oligopolistic market structures b. simplifies pricing policy by adding a markup to average total cost c. in actual practice leads to markups which are greater for more elastic demand curves d. is likely to increase profits more than the use of marginal analysis e. requires the firm to project the amount which will be sold and then mark-up the price based on average variable cost QUESTION 3 Which of the following is not a typical goal of bureaucrats? a. increasing the size of their bureaus b. gaining prestige c. increasing the size of their staffs d. increasing their bureaus' budgets e. achieving greater efficiency QUESTION 4 During certain periods in the past few decades, if one of the three major breakfast cereal producers in the United States announced a price increase, the other two announced a similar price increase. This is a good example of a. monopolistic competition b. a cartel c. a pure monopoly d. the kinked demand curve model of oligopoly e. the price leadership model of oligopoly QUESTION 5 According to William Niskanen, bureaucrats seek to a. maximize profits b. maximize tax revenues c. maximize budgets d. minimize variable costs e. minimize total costs QUESTION 6 Historically, the U.S. steel industry has been a good example of a. monopolistic competition b. a cartel c. a pure monopoly d. the kinked demand curve model of oligopoly e. the price leadership model of oligopoly QUESTION 7 In response to the threat of budget cuts, the Connecticut State Department of Recreation proposed shutting down many state parks and beaches. This is a good example of a. cost efficiency in bureaus b. Niskanen's theory of budget-maximizing bureaus c. the median-voter model d. logrolling e. direct democracy Title: Budget maximization by bureaus leads to Post by: acoco on Feb 27, 2018 Title: Budget maximization by bureaus leads to Post by: dr_lawlz on Feb 27, 2018 Thank you for being such a great website leader! All of your answers were right.
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