The Length of Time (In Seconds) a Certain Individual Takes

question 58

Multiple Choice

The length of time (in seconds) a certain individual takes to learn a list of n items is approximated by . ​ Use differentials to approximate the additional time it takes the individual to learn the items on a list when n is increased from 42 to 45 items. Round to the nearest second.

• A) 187 sec
• B) 169 sec
• C) 193 sec
• D) 171 sec

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Definitions:

Government Failure

Occurs when government intervention in the economy leads to an inefficient allocation of resources or fails to achieve the intended outcomes.

Public Choice Theory

A theory in economics and political science that studies how public sector actions and policies are influenced by the self-interest of individuals, especially politicians and bureaucrats, as opposed to the public good.

Keynesian Economics

An economic theory stating that government intervention is necessary to help economies emerge from recession, through policies that stimulate demand, control inflation, and adjust interest rates.

Paradox of Voting

The concept that for a rational, self-interested voter, the costs of voting will normally exceed the expected benefits, given the low probability that one vote will influence the outcome.