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Author Question: According to the indifference principle, housing prices a. tend to converge over time b. tend to ... (Read 222 times)

Metfan725

  • Hero Member
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  • Posts: 552
on: Jul 1, 2018
According to the indifference principle, housing prices
 a. tend to converge over time
 b. tend to leave individuals indifferent about where they live
 c. only tend to be different to compensate individuals for differences in living conditions
  d. only B&C

Question 2

If the bidders at a second-price auction have true values of 8, 7, 6, and 5, the item will sell for
 a. 8
 b. 7
 c. just over 7
 d. just under 7


dyrone

  • Sr. Member
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  • Posts: 322
Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

b


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