× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
5
o
5
4
m
4
b
4
x
4
a
4
l
4
t
4
S
4
m
3
s
3
New Topic  
dr_lawlz dr_lawlz
wrote...
Posts: 317
Rep: 0 0
6 years ago
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
Read 30 times
2 Replies

Related Topics

Replies
wrote...
6 years ago
[Answer to ques. #1]  B

[Answer to ques. #2]  E

[Answer to ques. #3]  E

[Answer to ques. #4]  E

[Answer to ques. #5]  C

[Answer to ques. #6]  E

[Answer to ques. #7]  B
dr_lawlz Author
wrote...
6 years ago
Thank you for being such a great website leader! All of your answers were right.
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  960 People Browsing
Related Images
  
 1084
  
 232
  
 1620
Your Opinion

Previous poll results: Do you believe in global warming?