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Author Question: If Qs = -20 + 10p, and Qd = 400 - 20p, what is the equilibrium price? A) 14 B) 42 C) 12.67 D) ... (Read 36 times)

jake

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on: Jul 1, 2018
If Qs = -20 + 10p, and Qd = 400 - 20p, what is the equilibrium price?
 
  A) 14
  B) 42
  C) 12.67
  D) 38

Question 2

The result that different auction styles in which the good goes to the winner with the highest valuation of the good generate the same amount of revenue is called
 
  A) Revenue Equivalence Theorem.
  B) Marginal Revenue Theory.
  C) Auction Revenue Theory.
  D) First Bid Revenue Theorem.


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cuttiesgirl16

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

A


jake

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

skipfourms123

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Reply 3 on: Yesterday
Excellent

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