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Author Question: In the long run, if housing prices are higher in San Diego, California, versus Nashville, Tennessee, ... (Read 303 times)

pragya sharda

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on: Jul 1, 2018
In the long run, if housing prices are higher in San Diego, California, versus Nashville, Tennessee, then
 a. individuals would move to Nashville
 b. individuals would move San Diego
 c. there would be no movement across the two cities, since the difference in prices is pure compensation for difference in living conditions
  d. Both B&C

Question 2

If the bidders at a second-price auction have true values of 78, 72, 66, and 65, the item will sell for
 a. 78
 b. just under 78
  c. 72
 d. just over 72


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Chelseyj.hasty

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Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

c


pragya sharda

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  • Posts: 566
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

ktidd

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Reply 3 on: Yesterday
Wow, this really help

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