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Author Question: Appendix: In comparing rules for serving a queue, last-come first-served has all of the following ... (Read 55 times)

ss2343

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on: Jul 1, 2018
Appendix: In comparing rules for serving a queue, last-come first-served has all of the following effects except
 a. reduces the waiting time
  b. causes few customers to arrive and depart more than once
  c. increases the side payments among those yet to be served
  d. hastens the adoption of a lottery system for deciding who should get the tickets

Question 2

An oral auction
 a. is also called a Vickrey auction
  b. is where bidders submit increasing bids until all but one remains
  c. is where the highest bidder wins and pays the amount of the next highest bid
  d. all of the above


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Natalie4ever

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Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

b


ss2343

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

bulacsom

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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