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iragen [17]
4 years ago
6

The second-price auction model

Business
1 answer:
Maurinko [17]4 years ago
8 0

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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101<br>d Discuss whether or not gold rings can carry out the functions of money. (8)​
lana66690 [7]

Answer:

Money is called any element that works in a given territory as a method of exchange of wealth and as a reserve of value, that is, it can be exchanged between individuals for other goods, and that in turn can be accumulated by each individual to add to your personal wealth. In this context, almost any item that has been commonly accepted as having these characteristics can be considered money. However, there are circumstances in which, either due to their lack of storage practicality, or their high value in itself, certain elements escape this possibility. This is the case of a gold ring, whose excessively high value and the impossibility of its fractionation take away the possibility of being used as a method of exchange.

8 0
3 years ago
You recently launched a news website which is expected to be visited by millions of people around the world. You chose to deploy
Zinaida [17]

Answer:

C. Edge location

Explanation:

AWS Global infrastructure consists of multiple geographical locations. The locations are known as regions which provide a way to built highly fault tolerant infrastructures. AWS Global Infrastructures consists of four components; Availability Zones, Regions, Edge Locations and Regional Edge Caches.

5 0
3 years ago
In terms of workplace diversity, the new millenium has witnessed increased focus on
san4es73 [151]

In terms of workplace diversity, the new millenium has witnessed increased focus on diversity and inclusion for business success, profitability, and growth.


Most businesses now understand that in order to compete globally in different markets they need a varying set of skills, culture, knowledge and expertise to make it happen.

Diversity is now directly linked to innovation, which in turn is linked to  success.

7 0
4 years ago
A bank must maintain an average daily balance at the Fed of $600. In the first 2 days of the maintenance period, they maintain a
Norma-Jean [14]

Answer:

Balance with Fed on last day to be $ 800

Explanation:

Computation of balance on last day of maintenance period

Balance maintained   $ 450 for 2 days                                 $   900

                                    $ 700 for 3 days                                 $ 2,100

                                    $  650 for 2 days                                $ 1,300                                    

                                    $ 450 for 3 days                                 $ 1,350

                                    $ 650 for 3 days                                 <u>$ 1.950</u>

Average of balances maintained

                                                    13 days                                $ 7,600

Average balance maintenance required for 13 + last day)

$ 600 * (13 + 1) 14 days                                                            $ 8,400

so the balance with the Fed on the last day has to be

$ 8,400 - $ 7,600                                                                 $ 800                                

4 0
3 years ago
Fatima is struggling in her job and is experiencing increased dissatisfaction. She related to you that her manager has been unfa
Akimi4 [234]

Answer:

C

Explanation:

Affective component is the feeling a person has towards a situation that result from his/her belief about a person or situation.

For instance: a person who works hard and believes hard work earns promotion may feel anger or frustration when he or she works but is not promoted and will be affected in this situation.

This reflects Fatima feeling towards her manager when her colleague who deserved less promotion than she did was promoted, she was affected when this happened which is why she doesn't like her manager.

3 0
3 years ago
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