Rational Ignorance Suggests That Voters May Not Spend Much Time

question 36

Multiple Choice

Rational ignorance suggests that voters may not spend much time examining candidates before an election because

• A)politics is boring
• B)each voter has virtually no chance of deciding the election
• C)public choices are not important to society
• D)candidates are chosen by the electoral college
• E)candidates are usually so different that it is easy to determine which is better

---

Definitions:

Unit Product Costs

The total cost associated with producing a single unit of product, including labor, materials, and overhead.

Variable Costing

An accounting method that only includes variable production costs in product costs, excluding fixed manufacturing overhead.

Direct Material Cost

The expense associated with raw materials or components directly used in the manufacturing of a product.

Product Cost

The total cost incurred to acquire or manufacture a product, including direct materials, direct labor, and manufacturing overhead.