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Question: The English and the Vickrey auction are strategically equivalent, and the revenue for the seller is the same. Yet, in terms of the information received by the seller/auctioneer they are different. What is this difference? 2 Your answer should not be more than 5 lines long. Think it terms of what the auctioneer knows before and after the auction. To be exact, there are some cases where there is no difference between these two auction formats and some cases (more common) where there is a difference. In your answer mention under which condition this occurs.
Describe the advantages and disadvantages of the choice you made. Describe the advantages and disadvantages inherent in the option you did not choose.
Sir Plus has a demand function for mead that is given by the equation D ( p ) = 100 - p . If the price of mead is $85, how much is Sir Plus's net consumer's surplus
An article in the Economist argued that "heavy public debt risks more than just crowding out private investment. It can, in the extreme, bring on insolvency." What does the article mean by "heavy public debts"? How might heavy public debts lead to..
you produce widgets. currently you produce 4 widgets at a total cost of 40.a what is your average total cost?b suppose
The problem belongs to Economics and it is explain about writing a short summary for the article. The article is Optimal pricing strategies under co-existence of price-takers and bargainers in a supply chain by C-W Kuo, R-S Guo and Y-F Wu (2012).
Do you agree with the writers' conclusions? How could the media contribute to an economic downturn? How can media consumers be sure that they are getting accurate information before making investment decisions?
What extent is your organizations financial health affected by fiscal and monetary policy? Please give at least one specific example.
perfect competition 1. a perfectly competitive firm has the short-run marginal cost functionmc 3 6q 3q2where k
If the market for retail labour is competitive, explain the potential effect of a union on the wage rates. Draw a graph to illustrate your answer.
The Ajax Corporation has an overhead crane that has an estimated remaining life of 10 years. The crane can be sold now for $8,000.
Calculate profit in the short run by using the price and output levels
What are the changes in these when you compare them with the initial values - What is the amount of cash in circulation and the amount of checkable deposits?
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