Tammy hall is the mayor of a large u. s. city. she has just established the office of window safety. because windows sometimes break and spray glass shards, every window in the city will now have to pass an annual safety inspection. property owners must pay the $5-per-window cost—and by the way, tammy has made her nephew the new head of the office of window safety. this new policy is an example of: a. political corruption b. earmarks c. rent seeking. d. adverse selection

Total marketing effort is a term used to describe the critical decision factors that affect demand: price, advertising, distribution, and product quality. define the variable x to represent total marketing effort. a typical model that is used to predict demand as a function of total marketing effort is based on the power function: d = axb suppose that a is a positive number. different model forms result from varying the constant b. sketch the graphs of this model for b = 0, b = 1, 0< b< 1, b< 0, and b> 1. (we encourage you to use excel to do this.) what does each model tell you about the relationship between demand and marketing effort? what assumptions are implied? are they reasonable? how would you go about selecting the appropriate model?