This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is the difference between the two types of sealed-bid auctions? What will be an ideal ... (Read 37 times)

Beheh

  • Hero Member
  • *****
  • Posts: 520
on: Jun 29, 2018
What is the difference between the two types of sealed-bid auctions?
 
  What will be an ideal response?

Question 2

Refer to the table above. If the rental price of machines is 100 per day, up to how many machines should the firm rent to maximize profits?
 
  A) 4
  B) 5
  C) 6
  D) 7


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cadimas

  • Sr. Member
  • ****
  • Posts: 362
Reply #1 on: Jun 29, 2018
Answer to Question 1

The two types of sealed-bid auctions are first-price sealed-bid auctions and second-price sealed-bid auctions. In a first-price sealed-bid auction, each bidder submits his bid privately. The highest bidder wins and pays an amount equal to his bid. In a second-price sealed-bid auction, each bidder submits his bid privately. The highest bidder wins and pays an amount equal to the second-highest bid.

Answer to Question 2

B


Beheh

  • Member
  • Posts: 520
Reply 2 on: Jun 29, 2018
Gracias!

skipfourms123

  • Member
  • Posts: 343
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Different types of stems Different types of stems
There are many types of adaptive devices: (A) a toothbrush; (B) a reaching stick; (C) a shoe holder; ... There are many types of adaptive devices: (A) a toothbrush; (B) a reaching stick; (C) a shoe holder; ...
Various types of integumentary conditions.(B) Herpes simplex. Various types of integumentary conditions.(B) Herpes simplex.
Cloud Types: Vertical Development Cloud Types: Vertical Development
Lipoproteins The various types of lipoproteins and their composition Lipoproteins The various types of lipoproteins and their composition
What's the Difference Between England, Great Britain, and United Kingdom? What's the Difference Between England, Great Britain, and United Kingdom?
Video: Mendel's Principles of Inheritance (Father of Genetics)

For a complete list of videos, visit our video library