Author Question: Appendix: In comparing rules for serving a queue, last-come first-served has all of the following ... (Read 66 times)

ss2343 · **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