This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In a sealed-bid, second-price auction, you should bid A) your estimate of what others value the ... (Read 73 times)

K@

  • Hero Member
  • *****
  • Posts: 608
on: Jul 1, 2018
In a sealed-bid, second-price auction, you should bid
 
  A) your estimate of what others value the good at.
  B) one dollar more than your estimate of what the second-highest bid will be.
  C) your highest value.
  D) the common value of the good.

Question 2

What is one reason suppliers might offer a discount for quantity purchases?
 
  A) reduced storage costs
  B) lower marginal cost
  C) lower marginal benefit
  D) price gouging


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

dawsa925

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

A


K@

  • Member
  • Posts: 608
Reply 2 on: Jul 1, 2018
Excellent

31809pancho

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Alan Price - Poor People Alan Price - Poor People
Typical box used for the disposal of bagged, sealed, and autoclaved biological waste. Typical box used for the disposal of bagged, sealed, and autoclaved biological waste.
In plant fossils, leaf margin is used to estimate mean annual temperature In plant fossils, leaf margin is used to estimate mean annual temperature
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
The price of rice in a small country is currently $6 per pound. In order to help low-income ... The price of rice in a small country is currently $6 per pound. In order to help low-income ...
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: The primary factors that affect circulation - MABP, CO and SVR

For a complete list of videos, visit our video library