« previous next »

Author Question: What does the revenue equivalence theorem state? What will be an ideal ... (Read 51 times)

lb_gilbert

  • Hero Member
  • *****
  • Posts: 588
on: Jun 29, 2018
What does the revenue equivalence theorem state?
 
  What will be an ideal response?

Question 2

When an economy produces at its allocatively efficient production point
 
  A) scarcity is not a problem.
  B) resources are not limited.
  C) a society can increase the production of all goods.
  D) a society can increase the production of one good only by decreasing the production of some other good that is valued more highly.


tranoy

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 29, 2018
Answer to Question 1

The revenue equivalence theorem states that under certain assumptions all four types of auctions are expected to raise the same revenues.

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Using outgroups to infer the ancestral state Using outgroups to infer the ancestral state
Some ion pairs that stabilize the T state of deoxyhemoglobin Some ion pairs that stabilize the T state of deoxyhemoglobin
Generally, the total tax burden in the United States is much lower than that of other industrialize Generally, the total tax burden in the United States is much lower than that of other industrialize
This chart illustrates the four quadrants in which we can place the relationships between the state This chart illustrates the four quadrants in which we can place the relationships between the state
Percentage of Americans Living in Communities with a Fluoridated Water Supply, by State. 2012 Percentage of Americans Living in Communities with a Fluoridated Water Supply, by State. 2012
A company that makes environmental measuring devices has calculated their revenue and costs as ... A company that makes environmental measuring devices has calculated their revenue and costs as ...
Video: Photosynthesis and Van Helmont Experiment

For a complete list of videos, visit our video library