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Elden [556K]
4 years ago
11

A seller knows that there are two bidders for the object he is selling. He believes that with probability 1/2, one has a buyer v

alue of $10 and the other has a buyer value of $15 and, with probability 1/2, one has a buyer value of $7 and the other has a buyer value of $24. He knows that bidders will want to buy the object so long as they can get it for their buyer value or less. He sells it in an English auction with a reserve price which he must set before the auction starts. To maximize his expected profits, he should set the reserve price at what?
Business
1 answer:
Arte-miy333 [17]4 years ago
4 0
I’m srry but I don’t know the answer but I just need points
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Can identity theft occur through legitimate access to your personal information? Explain.
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Answer:

no i think

Explanation:

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3 years ago
Quon is the Human Relations Manager at a large company and many employees are asking about the possibility of implementing a tui
vovangra [49]

Answer:

Is your purpose realistic?

Explanation:

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Quon should ask the employees if they are really going to have the time and energy to take advantage of the credits.

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If Vera buys 1/2 of of a kilogram of nuts,how much will she spend?
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Explanation:

she will only spend according to what the shopkeeper says

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3 years ago
Suppose that Second Republic Bank currently has $100,000 in demand deposits and $70,000 in outstanding loans. The Federal Reserv
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Answer:

$30,000

$20,000

$10,000

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Reserves is the total amount of a bank's deposit that is not given out as loans

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4 0
4 years ago
Princess, who resides in the 2nd Circuit, recently found a circuit court case that is favorable to her income tax research quest
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The correct answer is C) 2nd Circuit or the Federal Circuit. 

Princess, who resides in the 2nd Circuit, recently found a circuit court case that is favorable to her income tax research question. The circuits that she would prefer to have issued the opinion are the 2nd Circuit or the Federal Circuit. 

Princess has to go to the 2nd Circuit Court of Appeals that is located in Manhattan, New York, at the Thurgood Marshall US Courthouse. It exercises federal jurisdiction in six districts of the states of Vermont, New York, and Connecticut.  The 2nd Circuit Court of Appeals was established by Congress in 1891.

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4 years ago
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