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From the viewpoint of economic efficiency, does representative democracy do a good job of handling special-interest issues?
1 Yes, special-interest groups are unable to benefit from government action unless they can convince the majority of voters that their position is sound.
2 No, legislators can often derive political gain from the support of special-interest projects that are inefficient.
3 Yes, the power of special interests is curtailed when decisions are made legislatively.
4 No, actions favored by well-organized special-interest groups are often rejected even when they would promote economic progress.
your university is probably an m-form organization. its president administers schools for example a college of business
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A firm operating in a competitive market has the following total cost function: TC = 2.5Q3- 35.5Q2+ 210.5Q + 320-Find the profit maximizing level of output of this firm if the market price of this good is $165.5. What is the firm's shutdown price?
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