An increase in price will result in no change in total revenue if:
A) the percentage change in price is large enough to cause quantity demanded to fall to zero.
B) the coefficient of elasticity is equal to zero.
C) the percentage change in quantity demanded is equal to the percentage change in price (in absolute values).
D) the demand function is perfectly elastic.
C
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Bob invests $75 in an investment that has a 50% chance of being worth $100 and a 50% chance of being worth $0. From this information we can conclude that Bob is
A) risk preferring. B) risk neutral. C) risk averse. D) irrational.
Which of the following is not an example of signaling?
a. An employer calls the references of a potential employee before hiring him or her. b. A boyfriend gives his girlfriend a necklace with her favorite gemstone for Valentine's Day. c. A home flooring company advertises its high Better Business Bureau rating during its television commercials. d. A company advertises that it makes charitable contributions.