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According to public choice theory, which of the following be…

According to public choice theory, which of the following best explains why governments often fail to allocate resources as efficiently as markets? A. Voters always have complete information, so officials perfectly reflect consumer preferences.B. Politicians and bureaucrats respond to electoral incentives and may engage in rent-seeking, while voters are often rationally ignorant, resulting in policies that do not necessarily align with efficient consumer preferences.C. Governments operate under perfect competition, ensuring that public agencies match market efficiency.D. Budget constraints do not apply to governments, so allocation decisions have no opportunity cost.

In our data analysis that examined historical beef prices an…

In our data analysis that examined historical beef prices and the quantity demanded for beef, we determined that our regression function was:  Y = -19.313x + 605.59 Where Y is equal to price and X is equal to quantity demanded.  Using your regression function, calculate the quantity demanded at a price of $300 and at a price of $150. (Hint: your regression function is used to forecast Y, but if we know Y, then we will need to perform simple algebra to solve for X). If the price of beef fell from $300 to a new price of $150. Using the midpoint method, the elasticity coefficient is: 

Use the following situation to answer Questions 1-4: The Gal…

Use the following situation to answer Questions 1-4: The Gallup organization conducted a telephone survey with a randomly selected national sample of 1005 adults, 18 years and older.  The survey asked the respondents, “How would you describe your own physical health at this time?”  Response categories were Excellent, Good, Fair, Poor, and No Opinion. What was the sample size for this survey?