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Your company is bidding for a broadband spectrum license. You have been asked to submit an optimal bidding strategy. You expect that bidders will have independent private values for the licenses because each bidder presently has a different structure in place. You elieve the valuations for these licenses will be $200 million and $700 million. Your own valuation is $650 million. There is some uncertainty about the auction design that will be used, so you must suggest an optimal bidding strategy for the following acution designs:
a. Second-price, sealed-bid auction
b. English auction.
c. Dutch auction
Suppose economists observe that an increase in government spending of $10 billion raises the total demand for goods and services by $30 billion. 1. If these economists ignore the possibility of crowding out, what would they estimate the marginal p..
Shares of consumption, investment, and government spending as a part of GDP. Use nominal GDP for these calculations. Biggest contributor in GDP.
how do i compute the short run total product average product of labor and marginal product of labor given the
The Tax Reform Act of 1986 eliminated the deductibility of interest payments on consumer debt mostly credit cards and auto loans but maintained the deductibility of interest payments on mortgages and home equity loans.
a company is contemplating the purchase installation and operation of a cogeneration system to offset the cost of
Suppose that after graduation you take a job with an employer that oers to pay full tuition for employees wishing to return to school to get an MBA degree during non-work hours. You are not required to continue working for the rm after getting yo..
research information on this company that have engaged in monopoly behavior of microsoft and explain how society has
What do economists mean when they refer to "economies of scale" Why do economies of scale exist in the context of hospital services Does this mean a hospital market comprised of a few large hospitals is preferable to a hospital market comprised of..
Discuss why is increasing per capital income necessary but not sufficient for broadly dipping poverty and improving human welfare?
explain in words, and use a graph to illustrate, how a Monopoly decides how much to change and how much to produce. Include Marginal Cost, Marginal Revenue, Demand, Average Total Cost, and Profit. Assume the Monopoly is a Natural Monopoly and draw..
1. craft unionsboth industrial unions and craft unions attempt to raise their members wages but each goes about it
Suppose the person lives for two periods, U = u(c1) + bu(c2), and can acquire an asset at price q, with c1 = w1 – qa and c2 = (d + q*)a + w2, where d = dividend and q* = selling price.
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