Using "chain-weighted" prices to calculate real GDP remedies the distortions causes by changes in relative prices over time

The result that different auction styles in which the good goes to the winner with the highest valuation of the good generate the same amount of revenue is called

A) Revenue Equivalence Theorem. B) Marginal Revenue Theory. C) Auction Revenue Theory. D) First Bid Revenue Theorem.

If government taxes a firm which pollutes this will:

a. increase the demand for the good produced. b. decrease the supply of the good produced. c. increase the equilibrium quantity of the good produced in the market. d. decrease the equilibrium price of the good produced in the market. e. all of these.