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A Community Has Five Voters Who Are Interested in Only

question 121

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A community has five voters who are interested in only one issue: the government's spending on local parks.If Anthony would like the government to spend $12,000 on parks,Bob prefers $7,000,Carey prefers $4,000,Diane prefers $2,000,and Elaine prefers $0,how much spending would a politician seeking to win the election select when running against one opponent?


Definitions:

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Refers to the act of moving goods illegally into or out of a country, bypassing customs regulations and taxes.

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A model in mathematics that delineates how production inputs are related to the output generated.

Long-run

A period of time in which all factors of production and costs are variable, allowing companies to adjust all inputs.

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A graphical curve that shows the total quantity of a good that producers in an industry are willing and able to supply at different price levels.

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