Tom Is Looking Out the Window at an Airport Boarding

question 165

Multiple Choice

 Tom is looking out the window at an airport boarding gate.He sees a number of 747s and interprets the smaller ones as being further away than the larger ones.Tom is using ____.​ 

• A)relative size
• B)interposition
• C)texture gradient
• D)linear perspective

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Definitions:

Marginal Revenue Curve

A graphical representation showing how marginal revenue varies as output varies.

Demand Curve

A graph that represents the relationship between the price of a good and the quantity demanded by consumers at various price levels.

Easy Entry And Exit

A characteristic of competitive markets where there are minimal barriers for new firms to enter or exit the market.

Perfect Competition

A theoretical market structure that features no barriers to entry, a large number of sellers and buyers, completely homogenous products, and perfect information available to all market participants.