In an oral public sale in which the bidders' values are $four hundred, $500, $650, $800, and $850, the very best two bidders shape a bid-rigging cartel. the winning bid in this auction is 651 greenbacks.
If there may be no cartel, the winning bid might be any quantity slightly extra than $800, say $800.01 due to the fact the bidder with the best valuation needs to bid a price this is extra than the alternative bids. however due to the fact, that there may be a cartel among bidders with a valuation of $800 and $850, they need to put up a bid this is barely extra than $650 with a view to winning the auction. In this sense, the triumphing bid is 651 greenbacks.
if you make the triumphing bid on an object, you provide the highest fee and get to take it home. Congratulations, and revel in your new paperweight! The bid comes from an antique English word that means “to provide,” that's right consistent with what that means these days. triumphing Bid manner the very best bid obtained and widespread (and if subject to vendor's affirmation, confirmed by using vendor).
Learn more about winning bid here: brainly.com/question/19559630
#SPJ4
The MARGINAL tax rate is the percentage of additional earnings that goes to taxes.
Marginal tax rate stands for the amount of tax paid on any additional income. It is based on progressive tax system that increases with the increase of an individual's income. Thus, it varis with the income of an individual.
Answer:
a) The marginal benefit is greater than the marginal cost of additional units.
Explanation:
Cost-benefit analysis is the systematic process of wieghing various transactions based on comparism between their benefit and cost.
The rational storage business owner should compare the cost of building another section of storage units to the benefit from 100 renters.
If the additional cost is justified by the benefit then he can go ahead with the construction.
Answer:
$180
Explanation:
Expected return E(r) = 
D1= Next year's dividend
P1 = Next year's price
P0 = Current price
Since the beta is 1, it means this stock's return = market return = 20%
E(r) = 
0.20 = 
Multiply both sides by 155
31 = P1-149
Add 149 on both side s to solve for P1;
31+149 = P1
180 = P1
Therefore, the stock will sell at $180
