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Elden [556K]
4 years ago
5

You are one of five risk-neutral bidders participating in an independent private values auction. Each bidder perceives that all

other bidders’ valuations for the item are evenly distributed between $20,000 and $60,000. For each of the following auction types, determine your optimal bidding strategy if you value the item at $48,000. a. First-price, sealed-bid auction. Bid $20,000. Bid $42,400. Bid $60,000. Bid $48,000. b. Dutch auction. Let the auctioneer continue to lower the price until it reaches $60,000, and then yell "Mine!". Let the auctioneer continue to lower the price until it reaches $48,000, and then yell "Mine!". Let the auctioneer continue to lower the price until it reaches $20,000, and then yell "Mine!". Let the auctioneer continue to lower the price until it reaches $42,400, and then yell "Mine!". c. Second-price, sealed-bid auction. Bid $48,000. Bid $20,000. Bid $60,000. Bid $42,400. d. English auction. Remain active until the price exceeds $42,400, and then drop out. Remain active until the price exceeds $60,000, and then drop out. Remain active until the price exceeds $48,000, and then drop out. Remain active until the price exceeds $20,000, and then drop out.
Business
1 answer:
dezoksy [38]4 years ago
4 0

Answer:

536,879

Explanation:

cuasenif you add all them up that the anser

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Wilturner Company incurs $89,000 of labor related directly to the product in the Assembly Department, and $38,000 of labor relat
Rashid [163]

Answer:

Direct Labor 89,000

Factory overhead 63,000

Explanation:

The direct labor will be those employees which work with the product. The remaining of the labor are considered indirect as they cannot be identified with the manufacturing process but are necessary to perform such a process.

6 0
3 years ago
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Some factors that affect income are _____.
givi [52]
There are a lot of factors that can affect income and some of these are listed below:
1. Performance at Work. If you have a good output, you will be compensated with a bigger salary.
2. Educational Attainment. Good education means good opportunities.
3. Years of experience. The longer years of service, the higher the salaries.


7 0
3 years ago
Read 2 more answers
To be responsive to local pressures, companies must ____________ their offerings and strategies from country to country to refle
Vera_Pavlovna [14]

To be responsive to local pressures, companies must option c. <u>differentiate</u> their offerings and strategies from country to country to reflect local consumer.

<h3>What is Local responsiveness to pressure?</h3>

The degree to which a corporation needs modify its goods and operating procedures to accommodate local requirements is known as local responsiveness. Four fundamental worldwide business strategies are produced by the two dimensions: export, standardization, multi domestic, and transnational.

In other words, local responsiveness refers to how much a company must alter its operations and/or products in order to accommodate those in different nations.

Hence a firm may not be able to fully benefit from location economies and experience curve because of pressures for local responsiveness. While there are advantages to such personalization, it also hinders a company's potential to realize large experience curve and geographic economies.

Learn more about Local responsiveness  from;

brainly.com/question/20733465

#SPJ1

3 0
1 year ago
Read 2 more answers
Blythe Industries reports the following account balances: inventory of $417,600, equipment of $2,028,300, accounts payable of $2
aleksley [76]

Answer:

$783,400

Explanation:

The total assets comprise of current assets, fixed assets ,and the intangible assets

The current assets include cash, stock, account receivable, etc

Fixed assets include plant & machinery, land, equipment, furniture & fittings, etc.

And, the intangible assets include patents, copyrights, goodwill, etc.  

So, the amount of the current assets is shown below:

= Inventory + cash + account receivable

= $417,600 + $51,900 + $313,900

= $783,400

The account payable is a current liabilities, Hence, we do not considered for the computation part

6 0
3 years ago
When would a writer choose to use a passive voice?
cluponka [151]

Answer:

In some sentences, passive voice can be perfectly acceptable. You might use it in the following cases:

The actor is unknown:

The cave paintings of Lascaux were made in the Upper Old Stone Age. [We don’t know who made them.]

The actor is irrelevant:

An experimental solar power plant will be built in the Australian desert. [We are not interested in who is building it.]

You want to be vague about who is responsible:

Mistakes were made. [Common in bureaucratic writing!]

You are talking about a general truth:

Rules are made to be broken. [By whomever, whenever.]

You want to emphasize the person or thing acted on. For example, it may be your main topic:

Insulin was first discovered in 1921 by researchers at the University of Toronto. It is still the only treatment available for diabetes.

You are writing in a scientific genre that traditionally relies on passive voice. Passive voice is often preferred in lab reports and scientific research papers, most notably in the Materials and Methods section:

The sodium hydroxide was dissolved in water. This solution was then titrated with hydrochloric acid.

In these sentences you can count on your reader to know that you are the one who did the dissolving and the titrating. The passive voice places the emphasis on your experiment rather than on you.

Note: Over the past several years, there has been a movement within many science disciplines away from passive voice. Scientists often now prefer active voice in most parts of their published reports, even occasionally using the subject “we” in the Materials and Methods section. Check with your instructor or TA whether you can use the first person “I” or “we” in your lab reports to help avoid the passive.

Explanation:

7 0
3 years ago
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