Assume Smallville has three residents (Voters A, B, & C). They are considering 2 projects: a pool and a soccer field. The numbers below represent the utility (happiness, satisfaction) of each voter for each project. Voter-A Voter-B Voter-C
Pool 10 -3 -4
Soccer field -2 9 -8
Pick two voters who are willing to trade their votes with each other.
A. Voters-A & B
B. Voters-A & C
C. Voters-B & C

Suppose farmer lane grows and sells cotton in a perfectly competitive industry. the market price of cotton is $1.64 per kilogram, and his marginal cost of production is $1.44 per kilogram, which increases with output. assume farmer lane is currently earning a profit. can farmer lane do anything to increase his profit in the short run? farmer lane: a. cannot do anything to increase his profit. b. may or may not be able to increase his profit. c. can increase his profit by raising his price. d. can increase his profit by producing more output. e. can increase his profit by shutting down.