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Suppose you are participating in a first-price sealed-bid auction. In this auction each bidder submits one bid without observing the bids of other bidders. The winner is the bidder who submits the highest bid. The winning bidder pays an amount equal to their bid. Suppose that each bidder’s valuation for the item being sold is independent of how much other bidders value the item. Do you think it is still an optimal strategy to bid how much the item is worth to you? If not, should you place a bid which is higher or lower than your valuation?
1. what are the steps in the planning process? which step is the most crucial? why?2. what role does organizational
A patent allows the patent holder to do all of the following except:
What is the latest trends in Change management (short background, current situation, best practices and the future in the Change management field.). Why Change management is important for your career.
Zureb is a new taxi-hailing app that has recently started operating in Los Angeles. Every hour 1,000 taxis are on Zureb. Once a passenger requests a ride, the app assigns the closest available taxi to her. However, sometimes no taxi is available. The..
The Northshore Bank is working to develop an efficient work schedule for full-time and part-time tellers. The schedule must provide for efficient operation of the bank including adequate customer service, employee breaks, and so on. Specifically, she..
Suppose that the production function of a fictional economy is Cobb-Douglas with parameter alpha = 1/3. What share (fraction) of income does labor receive? What share (fraction) of income do capital owners receive? What happens to total output in per..
The purchasing of IT products requires significant professional expertise. How can companies who do not have this expertise internally be assured that they are making sound decisions? What experiences do you have with an RFP process? Does an RFP proc..
The new interactive technologies are not enough to cement a relationship, because companies need to change their behavior toward a customer and not just their communication. Explain what this statement means. Do you agree or disagree?
the purpose of this assignment is to examine the relationship between negotiation ethics and effective leadership.use
Why is discipline the most significant issue for union and management? Describe how this significance has shifted over time.
A personality questionnaire contains the item ‘I think I would make a good leader’. This question was answered ‘true’ by twice as many men as women, implying that men are twice as likely to become good leaders. What do you think of such an item and i..
How has government regulation of union-management relations evolved during this century? Identify and describe the major types of teams. According to equity theory, how does an employee determine whether he or she is being treated equitable?
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