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saw5 [17]
3 years ago
11

Sometimes when the low bidder wins the bid on a project, it is because they have underbid the project. In other words, the bid t

hey have submitted probably won't even cover the costs of the project. When this happens, the low bidder is said to suffer from the:________.
Business
2 answers:
rewona [7]3 years ago
6 0

Answer:

The low bidder is said to suffer from the winners curse

Explanation:

The winner’s curse describes a common problem in negotiation: lacking an advanced understanding of this phenomenon, the party who wins an auction of a commodity of uncertain value with a fair number of bidders typically pays more than the asset is actually worth.

The low bidder winning the project is said to be suffering from the winners curse which translate to him having to bear more cost than he anticipate for the project

Eduardwww [97]3 years ago
4 0

Answer: Winners curse

Explanation:

Winners curse could be seen as a situation where all bidders have the same value for an item and they receive a private signals where in most occasions the winner is that individual that over estimate or overpays for the bid. When the winner of the bid exceed the true worth of that item. Most Ines this can result to loss in order to carry out the work, due to the bidder overestimated in their bid.

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If both supply and demand decrease simultaneously, the new equilibrium price is ___________ and the new equilibrium quantity is
Artyom0805 [142]

Answer:

Option (D) is correct.

Explanation:

If there is a fall in both the supply and demand for a commodity then as a result there is a leftward shift in both the curves. This leftward shift in both the curves, decreases the equilibrium quantity and impact of this shift is indeterminate for equilibrium price because we don't know the magnitude of the shifts of demand and supply curve.

6 0
4 years ago
"victor, a software engineer, accepted a project for developing an easy-buy application for cell phones. the project had a strin
svetoff [14.1K]
In this scenario, victor was awarded an "extrinsic reward" for his efforts.

An extrinsic reward refers to an honor that is substantial or physically given to you for achieving something. It is an unmistakable acknowledgment of ones undertaking. For instance, it's a testament of achievement, a trophy or award for winning the race, an identification or focuses for accomplishing something right, or even a monetary reward for doing your activity. 
5 0
3 years ago
the average rate of the 36 children in the group was 55 kgs children of average weight 53 cages left the group was the what new
Arlecino [84]

Complete Question:

The average weight of the 36 children in the group was 55 kgs. 5 children of average weight 53 kgs left the group.  What was the new average weight of the group in kg​?

Answer:

The new average weight of the group = 1,715/31 = 55.32 kgs

Explanation:

Average weight of 36 children = 55 kgs

Total weight of 36 children = 1,980 (36 * 55) kgs

Average weight of 5 children = 53 kgs

Total weight of 5 children = 265 (53 * 5) kgs

When 5 children of 53 kgs average weight left the group,

the remaining 31 children (36 - 5) had total weight = 1,715 (1,980 - 265)

Therefore, the new average weight for 31 children at a total of 1,715, will be

= 1,715/31

= 55.32 kgs

6 0
4 years ago
PLEASE HELPP!!!! ASAP 50 POINTS WILL MARK BRAINLIEST
bazaltina [42]
1.) Using a credit card to make purchases
2.)stop accepting government assistance or apply for a department store card.

Don’t know for sure if these are correct but... Good luck
8 0
3 years ago
Sales data suggests that demand for Turnkey Software's products remains strong. However, a recent customer satisfaction survey i
kirza4 [7]

Answer:

Explanation:

Based on the scenario being described within the question it can be said that in this situation the analyst should focus on fully disclosing all of the available data and show that, while sales remain strong, the company must address its customer service situation. That is because customers are the heartbeat of the company and without them the company will ultimately go bankrupt.

8 0
3 years ago
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