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Question: Determine the amount of producer surplus generated in each of the following situations.
a. Gordon lists his old Lionel electric trains on eBay. He sets a minimum acceptable price, known as his reserve price, of $75. After five days of bidding, the final high bid is exactly $75. He accepts the bid.
b. So-Hee advertises her car for sale in the used-car section of the student newspaper for $2,000, but she is willing to sell the car for any price higher than $1,500. The best offer she gets is $1,200, which she declines.
c. Sanjay likes his job so much that he would be willing to do it for free. However, his annual salary is $80,000.
Dirichlet series
Every convergent sequence contains either an increasing, or a decreasing subsequence.
How many relations on A are both symmetric and antisymmetric?
Daily Airlines fies from Amsterdam to London every day. The price of a ticket for this extremely popular flight route is $75. The aircraft has a passenger capacity of 150.
How much money will Dave and Jane raise for charity
This question is asking you to compare the likelihood of your getting 4 or more subscribers in a sample of 50 when the probability of a subscription has risen from 0.02 to 0.06.] Talk about the comparison of probabilities in your explanation.
Skew-symmetric matrices
Describe the different type of taxes and their rates in Spokane WA.
Suppose that in the four player game, the person who rolls the smallest number pays $5.00 to the person who rolls the largest number. Calculate each player's expected gain after one round.
Find the probability density function.
Linear programming applied to Aggregate Production Planning of Flat Screen Monitor
Discrete-time model for an economy
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