« previous next »

Author Question: More bidders increase the selling price in a second-price auction because a. the true values of the ... (Read 114 times)

Capo

  • Hero Member
  • *****
  • Posts: 545
on: Jul 1, 2018
More bidders increase the selling price in a second-price auction because
 a. the true values of the losers is higher
  b. the true value of the winner is higher
  c. bidders bid more aggressively
  d. bidders shade their bids by less

Question 2

When prices drop in response to a decline in demand for an increasing cost industry:
 a. producer surplus will increase but rents may decrease.
  b. rent earned by elastically supplied inputs will decline by more than rent earned by inelastically supplied inputs.
  c. rent earned by elastically supplied inputs will decline by less than rent earned by inelastically supplied inputs.
  d. both producer surplus and rents will increase.


bblaney

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Apparent and True Orbits of Alpha Centauri. Apparent and True Orbits of Alpha Centauri.
Analogy for How Magnetic Field Strengths Increase Analogy for How Magnetic Field Strengths Increase
Critical lab Values Critical lab Values
Young adults increase in self-esteem between the ages of 18 and 25, according to this longitudinal s Young adults increase in self-esteem between the ages of 18 and 25, according to this longitudinal s
Serum Values for Thyroid Function Tests Serum Values for Thyroid Function Tests
List transformations and Create a table of values for the following log function: List transformations and Create a table of values for the following log function:
Video: Effect of the environment on coat color in the Himalayan rabbit Animation

For a complete list of videos, visit our video library