The ways to look at revenue in a perfectly competitive market include ______ revenue, ______ revenue, and ______ revenue.
a. total, average, marginal
b. partial, percentage, marginal
c. total, partial, percentage.
d. total, average, percentage
a. total, average, marginal
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A Groves mechanism is a procedure for setting the level of a public good that:
A. induces everyone to report their preferences correctly. B. induces everyone to overstate the benefit they receive from a public good. C. induces everyone to understate the benefit they receive from a public good. D. only works if the public good in question is free of externalities.
One of the leading alternative theories to the HO model of international trade is the Human Skills theory, which was developed by
A) Donald Keesing. B) Adam Smith. C) David Ricardo. D) G. D. A. MacDougall.
As the investment demand curve becomes steeper, the crowding-out effect will become smaller
a. True b. False Indicate whether the statement is true or false
Which of the following is true of a demand curve? a. It must remain stable over time
b. It can shift either rightward or leftward. c. It is possible to move along the curve, but the demand curve will not shift. d. None of the above are true.