Reference no: EM13154430
Question 1:
Suppose you have a rare Simpsons animation cel that you're looking to sell. You decide to hold an English Auction. You set the reserve price of $100, and a bid increment of $5. Suppose there are 3 bidders. Person 1 values the cel at $200, person 2 values the cel at $310, and person 3 values it at $250. What will the sale price be?
Question 2:
Consider the same animation cel auction as in problem 1. If instead you decide to hold a Vickrey Auction, what will person 2's bid be, if he is behaving optimally?
Question 3:
Consider the production of holes. To dig a hole, it takes one man (M) and one shovel (S). The total number of holes dug is given by the production function h=f(M,S)=min(M,S). If you currently have 2 men and 4 shovels, what is the marginal product of men?
Question 4:
Consider the production of textiles. To make textiles, it takes cotton (C, measured in pounds) and it takes child labor (L, measured in child-hours). The total yards of fabric (F) produced is given by the production function F=L*(C^.5). If you currently have 100 child-hours, and 4 pounds of cotton, what is the marginal productivity of children?
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How many grams of formic acid, hcooh, must be added
: How many grams of formic acid, HCOOH, must be added to 0.210 L of 0.160 M sodium formate, HCOONa, to yield a buffer solution with a pH of 4.10? Assume no volume change. Ka of HCOOH = 5.0 10-4.
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Compute net present value for alternative
: Compute the net present value for each alternative and determine which alternative is more desirable using the net value criterion. Compute the profitability index for each alternative and determine which alternative is more desirable using the p..
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Calculate the yield to maturity for each bond
: Calculate the yield to maturity for each bond. Calculate the expected annualized compound rate of return over the five years for each bond. Which bond offers the higher expected compound rate of return?
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Find probability that people-s blood pressure is less
: A standard deviation of 4.8. If the 36 people are randomly selected, How do I find the probability that their blood pressure will be less than 118?
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What is the marginal product of men
: Consider the same animation cel auction as in problem 1. If instead you decide to hold a Vickrey Auction, what will person 2's bid be, if he is behaving optimally?
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Net proceeds of the bond issue at time of sale
: \The bonds were quoted at 94 and pay interest quarterly on September 30th and December 31st. What were the total proceeds of the bond issue at the time of sale?
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What is the heat change in j associated with of gaseous
: What is the heat change in J associated with 74 g of gaseous butane at 91 oC changing to solid at -170 oC? c(butane) (gas) = 2.31 J/ (g.K) c(butane) (liq) = 1.65 J/(g.K) c(butane) (s) = 1.32 J/ (g.K) ?Hfus(butane) = 6.885 kJ/mol
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Actual manufacturing overhead
: At the beginning of the year, the estimated direct labor-hours were 17,900 hours and the total estimated manufacturing overhead was $341,890. At the end of the year, actual direct labor-hours for the year were 16,700 hours and the actual manufact..
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Explain t test for independent means
: Sketch the distributions involved, and (c) explain your answer to someone who is familiar with the t test for a single sample but not with the t test for independent means.
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