« previous next »

Author Question: Which of the following is a similarity between a second-price sealed-bid auction and an English ... (Read 47 times)

aabwk4

  • Hero Member
  • *****
  • Posts: 593
on: Jun 29, 2018
Which of the following is a similarity between a second-price sealed-bid auction and an English auction?
 
  A) Bids are placed privately in both the auctions.
  B) Bids are placed publicly in both the auctions.
  C) Bidders place their bids simultaneously in both the auctions.
  D) The winner pays an amount equal to the second-highest bid in both the auctions.

Question 2

If the market for Twinkies is in equilibrium, then
 
  A) Twinkies must be a normal good.
  B) producers would like to sell more at the current price.
  C) consumers would like to buy more at the current price.
  D) the quantity supplied equals the quantity demanded.


nickk12214

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

English Cocker Spaniel English Cocker Spaniel
English White Terrier English White Terrier
Old English Bulldog Old English Bulldog
Communication with non-english speaking patients Communication with non-english speaking patients
If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ... If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ...
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: Mechanisms of capillary exchange

For a complete list of videos, visit our video library