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 90 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 Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Select the Code with the Highest Level of Specificity Select the Code with the Highest Level of Specificity
Find the final amount if the initial amount is 400 units. Find the final amount if the initial amount is 400 units.
The relationship of substrate con- version (as measured by optical density) to the amount of patient ... The relationship of substrate con- version (as measured by optical density) to the amount of patient ...
Light beer has about the same amount of alcohol as regular beer Light beer has about the same amount of alcohol as regular beer
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
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
Video: Nucleic acid digestion - brush border enzymes, end products & transport mechanism

For a complete list of videos, visit our video library