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Tom [10]
3 years ago
15

Over the last week, you had 50 customers who bought a total of 40 hotdogs at $2.00, 10 grilled cheeses at $4.00, and 5 cheesebur

gers at $6.00. What was the average price paid per customer?
Business
1 answer:
kobusy [5.1K]3 years ago
4 0

$3.20

Take the total sales divided by total customers.

Sales of hotdogs 40* $2 = $80

of grilled cheese 10* $5 = $50

of cheeseburgers 5 * $6 = $30

Total sales $160/50 customer = $3.20/per customer

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Answer:

The correct answer is the option B: charges the highest bidder only a penny more than the bid of the second-highest bidder.

Explanation:

To begin with, the model of <em>''the second-price auction''</em> is a non-truthful auction mechanism in which every bidder places a bid but with the little particularity that the one who has the highest bid, and therefore the one who gets the first slot, only pays the price bid by the second highest bidder, and this last one only pays the price bid by the third highest bidder and so on. Therefore that this auction mechanism is non-truthful because the bidder does not pay the price he said he would, but he pays the price bid by the other person.  

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4 years ago
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Artyom0805 [142]

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2 years ago
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3 0
3 years ago
Aspin​ Corporation's charter authorizes issuance of 2 comma 000 comma 000 shares of common stock.​ Currently, 1 comma 400 comma
Alinara [238K]

Answer:

a) it can sale up to 600,000 shares:

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