Newscasters Wish to Predict the Outcome of the Next Presidential

question 12

Short Answer

Newscasters wish to predict the outcome of the next presidential election with 95% confidence and a margin of error equal to 0.08. Find the appropriate sample size to accomplish this goal.

Recognize the importance of the optimal tax level and its impact on correcting market inefficiencies.

Understand the concept of externalities and how they affect social costs and benefits.

Calculate the social cost of producing goods in the presence of external costs.

Evaluate the effects of externalities on the efficiency of the market outcomes.