« previous next »

Author Question: Which of the following statements is true regarding protocols in various types of auctions? a. An ... (Read 75 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?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

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.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Major types of microbial cell shapes. Major types of microbial cell shapes.
Plant Cell Types (Part 2) Plant Cell Types (Part 2)
Characteristics of the three types of muscles. Characteristics of the three types of muscles.
Types of Neurons Types of Neurons
TYPES OF RESEARCH TYPES OF RESEARCH
An overview of the 5 types of gain, loss, or rearrangement of chromosome An overview of the 5 types of gain, loss, or rearrangement of chromosome
Video: Factors that influence muscle tension - Sarcomere length and force, understretched and overstretched

For a complete list of videos, visit our video library