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

Author Question: The higher the bid in a first-price sealed-bid auction, the ________ the chances of winning and the ... (Read 78 times)

a0266361136

  • Hero Member
  • *****
  • Posts: 538
on: Jun 29, 2018
The higher the bid in a first-price sealed-bid auction, the ________ the chances of winning and the ________ the surplus earned.
 
  A) higher; higher
  B) higher; lower
  C) lower; higher
  D) lower; lower

Question 2

If tuition at a college is 30,000 and the external benefit of graduating from this college is 10,000, then
 
  i. in the absence of any government intervention, the number of students graduating is less than the efficient number.
  ii. the government could increase the number of graduates by giving the college a 10,000 subsidy per student.
  iii. the government could increase the number of graduates by giving the students 10,000 vouchers.
  A) i only
  B) i and ii
  C) i and iii
  D) ii and iii
  E) i, ii, and iii


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

skipfourms123

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

E


a0266361136

  • Member
  • Posts: 538
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

okolip

  • Member
  • Posts: 362
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

On average, the ratio of carbon to nitrogen is much higher in terrestrial plants than in other major On average, the ratio of carbon to nitrogen is much higher in terrestrial plants than in other major
Muskox populations remain in the Arctic all year, though they migrate to higher elevations in the wi Muskox populations remain in the Arctic all year, though they migrate to higher elevations in the wi
Increasing access to care for teen mothers is important because they have a higher rate of pregnancy ... Increasing access to care for teen mothers is important because they have a higher rate of pregnancy ...
When parents actively support higher education, their children achieve more in their future careers. When parents actively support higher education, their children achieve more in their future careers.
A replaceable PROM used in an older General Motors computer. Notice that the sealed access panel ... A replaceable PROM used in an older General Motors computer. Notice that the sealed access panel ...
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
Video: Brief Summary on Photosynthesis - Animation

For a complete list of videos, visit our video library