« previous next »

Author Question: A small town in West Texas has one gas station. If the price of oil increases, the price of gas that ... (Read 73 times)

dbose

  • Hero Member
  • *****
  • Posts: 597
on: Jul 1, 2018
A small town in West Texas has one gas station. If the price of oil increases, the price of gas that the station charges will most likely
 a. increase.
 b. decrease.
 c. remains the same.
 d. may increase or decrease.

Question 2

In common value auctions
 a. Every bidder know the value of the object being sold
 b. Each bidder makes their own estimate of the value of the good
  c. All bidders know the estimates of the others
 d. The true value of the item differs across bidders


atrochim

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

The alimentary canals of a nonruminant herbivore and a small carnivore. The alimentary canals of a nonruminant herbivore and a small carnivore.
Species richness increases with island size. Species richness increases with island size.
Gislebertus, Last Judgment, tympanum and lintel, west portal, cathedral, Autun, France. Gislebertus, Last Judgment, tympanum and lintel, west portal, cathedral, Autun, France.
Appendix attached to cecum into which the small intestine empties. Appendix attached to cecum into which the small intestine empties.
The gradient of the B allele of the ABO blood groups from East to West is due to waves of migration The gradient of the B allele of the ABO blood groups from East to West is due to waves of migration
The Scale of the Very Small and Very Large: Powers of 10 The Scale of the Very Small and Very Large: Powers of 10
Video: DNA Replication Factory and Protein

For a complete list of videos, visit our video library