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There are 6 bidders whose valuations are independently and uniformly distributed between 0 and 1. What is the expected value of the highest bid in the symmetric equilibrium of a Dutch auction?
The labor force is 100 million and the unemployment rate is 5 percent. If one million people quit looking for a job, what is this called and what is the new unemployment rate?
If the dollar appreciates against the pound, will a dollar buy more than or less than 0.77 pounds? Will a pound buy more or less than $1.30?
In some countries there is a concern that the government will run large budget deficits and force the country's central bank to "monetize the deficit
What effect would a price increase have on the total revenues earned from the proposed product?
Johnson Metal Company uses 60,000 gallons of chemicals each year. The cost of ordering the chemicals is $200 per order, and the cost of carrying the pigment in inventory is $1 per gallon per year. The Company uses chemicals at a constant rate every d..
What have been the consequences of government interventions in managing the State of Florida's catastrophe risk, and how may these amplify market problems.
1. What proportion of the scores in a normal distribution are higher than a T-score of 70?
Explain how are protectionist policies from other nations predicted to affect China's relative supply and relative demand.
According to Richard A. Nielsen, Michael G. Findley, Zachary S. Davis, Tara Candland and Daniel L. Nielson, what would sharp increases
Assume your elasticity of demand for your parking spaces is -0.5 and price is $20 every day. If your MC is 0 and your capacity at 9 a.m. is 96% full over the last month are you optimizing.
What are some of the ways that the ease and simplicity of our current technological devices also lead us at times to surrogate our daily responsibilities onto these devices?
You are the manager of Copies Are Us. The only other copy store in town, the Carbon Copy, recently got bids on adding a color copier. You must decide whether to obtain a color copier, but you can base decision on what your rival does.
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