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 131 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?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Telomere length is related to the amount of time adults spend in leisure time activity. Source: Ada Telomere length is related to the amount of time adults spend in leisure time activity. Source: Ada
Instruct the patient to use an applicator to apply a small amount of stool in the appropriate boxes ... Instruct the patient to use an applicator to apply a small amount of stool in the appropriate boxes ...
The bimetallic temperature sensor spring controls the amount of silicone that is allowed into the ... The bimetallic temperature sensor spring controls the amount of silicone that is allowed into the ...
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.
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 ...
Main mechanism of carbon dioxide transport and exchange. A lesser amount of CO2 travels to the lungs Main mechanism of carbon dioxide transport and exchange. A lesser amount of CO2 travels to the lungs
Video: Audiology

For a complete list of videos, visit our video library