User Account

All Pages

English auction with a reserve price

Assignment Help Business Management
Reference no: EM131447595

A seller knows that there are two bidders for the object he is selling. He believes that with probability 1/2, one has a buyer value of $10 and the other has a buyer value of $15 and, with probability 1/2, one has a buyer value of $7 and the other has a buyer value of $24. He knows that bidders will want to buy the object so long as they can get it for their buyer value or less. He sells it in an English auction with a reserve price which he must set before the auction starts. To maximize his expected profits, he should set the reserve price at $_____________

Reference no: EM131447595

Questions Cloud

Briefly explain the extent of the research : If you're giving a presentation in a subject area that you've researched thoroughly but in which you don't have any handson experience (suppose your topic is coordinating a major facility relocation or hiring a tax attorney, for instance), which o..
How muliticulturalism and diversity affect benefits design : Cultural differences in other countries affecting benefits design. Values and morality affecting design of benefit packages. How muliticulturalism and diversity affect benefits design. Government acts and laws enacted to facilitate benfits in the wor..
Winter time adventures is going to pay annual dividend : Winter Time Adventures is going to pay an annual dividend of $2.60 a share on its common stock a year from now. Yesterday, the company paid a dividend of $2.50 a share. The company adheres to a constant rate of growth dividend policy. What will one s..
How do genes impact health and disease : How do genes impact health and disease? (n.d.). Retrieved March 19, 2017, from http://www.genesinlife.org/genes-your-health/how-do-genes-impact-health-and-disease
English auction with a reserve price : He knows that bidders will want to buy the object so long as they can get it for their buyer value or less. He sells it in an English auction with a reserve price which he must set before the auction starts. To maximize his expected profits, he sh..
Were there laws already in place to protect either side : Were there laws already in place to protect either side? Explain. How long did it take for something to be resolved? What was the result?
Plummeting consumer and business confidence : During the global financial crisis, a combination of bank deleveraging and plummeting consumer and business confidence warranted an aggressive monetary easing such that short term interest rates reached the zero lower bound.
Discuss the data that indicate the numbers : Discuss the data that indicate the numbers of African American exonerees in the data presented from the report is significantly different that the percentage of African Americans living in America.
Which of the given would do the best job of holding : Which of the following would do the best job of holding an audience's attention during a presentation on the growing importance of social networking in corporate communication?

Reviews

Write a Review

Business Management Questions & Answers

  Key transformational qualities the leader possesses

Determine the key transformational qualities the leader possesses. Based on your research, explain the impact the leader has had on his or her organization.

  Marginal product of labour is units of output per hour

Currently the wage rate i $6 per hour also capital is rented at $12 per hour. If the marginal product of labour is 50 units of output per hour

  How might phoebes staffing needs change

How might Phoebe's staffing needs change? Discuss the best way for Phoebe to organize, orient, and train her restaurant staff. How should Phoebe deal with her current customers about the change?

  Major advantages and disadvantages of a business

Explain the major advantages and disadvantages of a business owner with minimal accounting experience maintaining the company's books instead of hiring an accountant.

  What is there enough evidence to support the claim

Copy Machine Use A store manager hypothesizes that the average number of pages a person copies on the store's copy machine is less than 40. A sample of 50 customers' orders is selected. At a = 0.01, is there enough evidence to support the claim?

  Results in a multiparty system

A "first past the post" electoral system is likely to produce a two-party system, while proportional representation generally results in a multiparty system.

  Discuss the organizational culture and diversity

Discuss the single most significant lesson you learned in this course that relates to leadership and management or organizational culture and diversity.

  Employers outlook on skills and leadership

What are some of the essential skills which you think an employer is looking for?

  How consumer demands affect a companys business decision

How consumer demands affect a company's business decision and how different ethical perspectives guide ethical decision making

  Defines leadership and management

Defines leadership and management. Defends or criticizes the view that leadership and management are different concepts. Gives specific examples that support your position. Discusses the implications of your general leadership views. In addition to t..

  Accounting cost function for business

What is the accounting cost function for this business? What is the economic cost function for the business? What is the economic breakeven number of units for this operation? (Assume a $5 price and ignore interest costs associated with the timing..

  Explain why travel agencies need more personalized

Explain why travel agencies need more personalized service these days and does personalized service equal to consumer retention? Compare DIY vs Full Service? in 3-4 paragraphs

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd