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svlad2 [7]
3 years ago
12

9)What is the dominant strategy for bidders in an English oral auction?9)A)Bid until the previous bid price equals the reservati

on price of the last bidder.B)Keep bidding until all other bidders quit, regardless of your reservation price.C)Bid until the first-price and second-price bids are equal.D)Stop bidding once the price exceeds your reservation price.
Business
1 answer:
Sophie [7]3 years ago
3 0

Answer: B) Keep bidding until all other bidders quit, regardless of your reservation price.

Explanation: Familiar to English auctions, the bidders are aware of the prices of items on sale and the numbers of other bidders. This price is known as the reserve or reservation price which is the limit on the price of the item on sale set by the seller (that is the lowest price the seller is willing to sell the item). The bids start at a low price and keeps coming in until there are no more bids irregardless of the reservation price set. It probably depends on how much you value the item on sale and are willing to pay for it. Not necessarily on the reservation price.

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A student comments to his roommate that the only way he will be able to pass his final exams is to not sleep for the next three
Varvara68 [4.7K]

Since the student comments to his roommate that the only way he will be able to pass his final exams is to not sleep for the next three days, one can say that the  statement suggests that option c) there is a trade off between studying and sleep.

<h3>What means trade-off?</h3>

The Definition of trade-off is known to be the act or the process that is used in equalizing the factors all of which are not able to achieve at the same time such as the trade off between studying and sleep.

Note that the term  trade-off is seen as a point where there is a situational decision that entails the act of lowering or losing one quality, quantity and even  property so that one can be able to get  other aspects or things,

Therefore, Since the student comments to his roommate that the only way he will be able to pass his final exams is to not sleep for the next three days, one can say that the  statement suggests that option c) there is a trade off between studying and sleep.

Learn more about trade off from

brainly.com/question/7072776

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A student comments to his roommate that the only way he will be able to pass his final exams is to not sleep for the next three days. This statement suggests that a) students are more concerned about good grades than health b) society should value sleep more c) there is a trade off between studying and sleep d) society should value good grades more than sleep

4 0
2 years ago
A good handler wants to use a thermometer to measure the air temperature inside of a cooler. To what temperature should the ther
navik [9.2K]

Answer:

2°F, or ±1.0°C

Explanation:

5 0
3 years ago
During the first week of October, the workers at Walton's Widget Factory produced the following outputs: on Monday, 10 workers p
EleoNora [17]

Answer:

The average product of labor per day is 324

Explanation:

To find the average product of labor per day we need to know the total number of widgets produced divided by the worked days.

Average Product= total number of widgets /days

Monday, 10=250 widgets

Tuesday, 11=286 widgets

Wednesday, 13 =364 widgets

Thursday, 14 workers= 396 widgets

Friday, 12 workers=324 widgets

TOTAL WIDGETS= 250+286+364+396+324=1620

Days= 5 days

Average Product= 1620/5=324

8 0
3 years ago
At year-end, harris co. had shipped $12,500 of merchandise fob destination to harlow co. which company should include the $12,50
lara31 [8.8K]

Answer:

The answer is Harris Co, who should include the $12,500 of the merchandise in transit as part of its year-end inventory.

Explanation:

For this question, we must first need to understand the <u>FOB destination</u>.

<u>FOB destination:</u>

  • Selling term under which the ownership of goods sold and shipped remain with the seller - Harris Co.
  • This is until the goods arrive at the buyer's destination
  • Once the goods reached at buyer's receiving dock, the ownership is transferred to the buyer from the seller - In this case, buyer is Harlow Co

<u>Further explanation:</u>

In this case, Harris Co shipped $12,500 of merchandise FOB destination to Harlow Co. The ownership will remain with the company Harris Co (seller) that shipped the goods to Harlow Co (buyer), until they arrive at the buyer company Harlow Co's receiving dock.

8 0
3 years ago
Identify any significant changes that your organization might reasonably make in its product offerings in the next 3 years. Expl
frutty [35]

Answer:

1- Change the advertising image of the brand. Every year trends change and therefore adjustments must be made so that the products adapt to the modern.

2- Market study to know if the products are advancing according to the project according to the participation of the square.

3- In the market study, the prices must also be reviewed, which must be consistent with the competition

4- Discounts could be offered on the products, to attract new customers.

The competitive advantages of performing these actions is that the products and in the consumer's mind will always be updated.

8 0
3 years ago
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