« previous next »

Author Question: Which of the following is a similarity between a second-price sealed-bid auction and an English ... (Read 76 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?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

English Coonhound English Coonhound
The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p
Similarity of the chemical structure of 5-bromouracil (5-BU) and thymine Similarity of the chemical structure of 5-bromouracil (5-BU) and thymine
For Transport, Put the Amputated Part in a Dry, Sealed Bag and Place It in Cool Water That Contains For Transport, Put the Amputated Part in a Dry, Sealed Bag and Place It in Cool Water That Contains
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 ...
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
Video: Otitis Media

For a complete list of videos, visit our video library