This topic contains a solution. Click here to go to the answer

Author Question: The larger the number of bidders in an open outcry Dutch auction, ________. A) the lower is the ... (Read 72 times)

Diane

  • Hero Member
  • *****
  • Posts: 576
The larger the number of bidders in an open outcry Dutch auction, ________.
 
  A) the lower is the maximum willingness to pay of each bidder
  B) the smaller is the consumer surplus earned by the winner
  C) the larger is the quantity offered by the auctioneer for auction
  D) the lower is the value of the starting bid

Question 2

Suppose the federal government makes it mandatory for employers to provide health insurance to all employees. Assuming the new mandate applies to homebuilders, the
 
  A) demand for construction workers is likely to increase.
  B) supply of new homes is likely to increase.
  C) supply of new homes is likely to decrease.
  D) supply of new homes will remain the same; businesses will simply pass the higher costs on to consumers.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nital

  • Sr. Member
  • ****
  • Posts: 320
Answer to Question 1

B

Answer to Question 2

C




Diane

  • Member
  • Posts: 576
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


softEldritch

  • Member
  • Posts: 334
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

For a complete list of videos, visit our video library