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Author Question: If Qs = -20 + 10p, and Qd = 400 - 20p, what is the equilibrium price? A) 14 B) 42 C) 12.67 D) ... (Read 12 times)

jake

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on: Jul 1, 2018
If Qs = -20 + 10p, and Qd = 400 - 20p, what is the equilibrium price?
 
  A) 14
  B) 42
  C) 12.67
  D) 38

Question 2

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.


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cuttiesgirl16

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

A

Answer to Question 2

A


jake

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  • Posts: 538
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

chereeb

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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