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

Author Question: In a first-price sealed-bid auction, the winner pays A) its own, highest bid. B) the amount bid ... (Read 142 times)

lb_gilbert

  • Hero Member
  • *****
  • Posts: 588
on: Jul 1, 2018
In a first-price sealed-bid auction, the winner pays
 
  A) its own, highest bid.
  B) the amount bid by the runner-up.
  C) the average of the three highest bids.
  D) the common value.

Question 2

If average cost is positive,
 
  A) marginal cost equals average cost.
  B) marginal cost exceeds average cost.
  C) marginal cost is less average cost.
  D) Not enough information is provided.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

raili21

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

D


lb_gilbert

  • Hero Member
  • *****
  • Posts: 588
Reply #2 on: Jul 1, 2018
Correct answers!


raili21

  • Sr. Member
  • ****
  • Posts: 324
Reply #3 on: Jul 1, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
Because of the high physical activity and the amount of energy expended by the brains of 2- to ... Because of the high physical activity and the amount of energy expended by the brains of 2- to ...
Per capita consumption of power is high in the developed world and highest in the United States Per capita consumption of power is high in the developed world and highest in the United States
Price of Computers, 1982–2010 Price of Computers, 1982–2010
If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ... If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ...
Type III curve. Mortality is highest early in life. Data for a desert shrub (Cleome droserifolia). Type III curve. Mortality is highest early in life. Data for a desert shrub (Cleome droserifolia).
Video: Factors that increase metabolic rate and heat production

For a complete list of videos, visit our video library