« previous next »

Author Question: What does the revenue equivalence theorem state? What will be an ideal ... (Read 72 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?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Plasma protein binding and drug availability: (a) drug exists in a free state or bound to plasma pro Plasma protein binding and drug availability: (a) drug exists in a free state or bound to plasma pro
How Safe Is Your State? Violent Crime in the United States How Safe Is Your State? Violent Crime in the United States
How Urban Is Your State? The Rural-Urban Makeup of the United States How Urban Is Your State? The Rural-Urban Makeup of the United States
Drug elimination: half-life to steady state. Drug elimination: half-life to steady state.
State the amplitude, period, equation of the axis, and maximum and minimum value State the amplitude, period, equation of the axis, and maximum and minimum value
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: Subunits of DNA And Semi Conservative Replication

For a complete list of videos, visit our video library