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In The Distinguished Gentleman, Eddie Murphy plays a con man with a similar name as a long-running Congressman. When the politician dies, Murphy runs for office using the politician's name: Jeff Johnson. He's careful not to go on camera but uses taglines in commercials such as "Johnson: The name you trust." He eventually achieves a slim victory. How does Murphy's character use voter ignorance to win the election? (Hint: The answer is only slightly different than the way most politicians use voter ignorance to win elections.)
Average Cost
The total cost of production divided by the number of goods produced, representing the cost per unit of output.
Marginal Cost
The financial outlay for creating one further unit of a good or service.
Extent Decisions
Decisions related to the scale or scope of an operation or project, often involving considerations of expansion or reduction.
Tract of Trees
A large area of land predominantly covered by forest or a specific type of tree, often used for timber or conservation purposes.
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