« previous next »

Author Question: Which of the following statements is true regarding protocols in various types of auctions? a. An ... (Read 60 times)

Kikoku

  • Hero Member
  • *****
  • Posts: 540
on: Jun 30, 2018
Which of the following statements is true regarding protocols in various types of auctions?
 a. An English auction requires bidders to begin with the highest price.
  b. A Dutch auction starts with the lowest price any bidder is willing to pay, which is displayed in a one-handed clock.
  c. In a Dutch auction, the first buyer to bid gets the item at the price shown in the one-handed clock.
  d. In a second-price auction, the second-highest bidder gets the item.

Question 2

If the cost borne by a firm when output is zero is 100 and that of producing 5 units is 250, then the variable cost of the firm is equal to 150.
 a. True
  b. False
  Indicate whether the statement is true or false


Expo

  • Sr. Member
  • ****
  • Posts: 351
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

True


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Darwin’s finches: Adaptive radiation of bill types. Darwin’s finches: Adaptive radiation of bill types.
Adapoids and omomyoids had longer snouts and are the first “true” primates. Adapoids and omomyoids had longer snouts and are the first “true” primates.
Types of Psoriasis Types of Psoriasis
Various types of integumentary conditions.(A) Urticaria (hives). Various types of integumentary conditions.(A) Urticaria (hives).
Types of immunities. Types of immunities.
Types of Radiation Types of Radiation
Video: Polysaccharides

For a complete list of videos, visit our video library