« previous next »

Author Question: Which of the following statements is true regarding protocols in various types of auctions? a. An ... (Read 32 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?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Three types of muscle tissue: skeletal, smooth, and cardiac muscle. Three types of muscle tissue: skeletal, smooth, and cardiac muscle.
The different types of competition in nature. The different types of competition in nature.
The Types of Stars and Their Sizes The Types of Stars and Their Sizes
Adapoids and omomyoids had longer snouts and are the first “true” primates. Adapoids and omomyoids had longer snouts and are the first “true” primates.
Examples of the Types of Cards Used in a Test of Inductive Reasoning Examples of the Types of Cards Used in a Test of Inductive Reasoning
Types of Blast Injuries (Part 1 of 2) Types of Blast Injuries (Part 1 of 2)
Video: What Are Carbohydrates? Importance of Carbs & High Carb Food

For a complete list of videos, visit our video library