1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
blagie [28]
3 years ago
14

Charlie Plopp is selling a horse. If he does not sell the horse, then he gets no revenue. Three types of people are interested i

n buying the horse: professional cowboys who value the horse at $H, recreational riders who value the horse at $M, and glue factory representatives who value the horse at $L, where H>M>L. There are two buyers visiting Charlie's barn, and while Charlie can't tell what type of buyers they are, he knows that each one is independently and equally likely to be one of the three types. He is considering two methods of selling the horse: Method 1: He posts the horse at a price of $M. Method 2: He runs a sealed-bid auction and sells to the highest bidder at the second highest bid. Assume bidders bid rationally, and if a buyer is indifferent between buying and not buying, he buys. Charlie gets higher expected revenue from Method 2 if and only if which of the following conditions holds?
A) H+ 5L > SM
B) H+4L > 7M
C) 2H + 5M > 4M
D) H+ 5L <8M
E) H+ 5L <5M
Business
1 answer:
qaws [65]3 years ago
8 0
I think it’s E if not then it’s C
You might be interested in
A monopoly A. ​doesn't lose any sales when it raises its price. B. is a price taker. C. produces the market output. D. must have
Sever21 [200]

Answer: Produces the market output

Explanation: In a monopoly market structure, there is one seller fulfilling the market demand, hence a monopolist is a price maker. However, the law of demand still operates in such a structure, restricting the monopolist to charge unreasonable prices.

Hence the monopolist maximizes his profit by supplying the output at the market level.

Thus, from the above we can conclude that the right option is C

6 0
3 years ago
Cost of merchandise sold reported on the income statement was $155,000. The accounts payable balance increased $8,000, and the i
RideAnS [48]

Answer:

Cash paid 168,000

Explanation:

Assuming that there were no inventory at start of the year

purchases during the year :

Sold                                                     = 155

Closing inventory                              = 21

Total purchase (155+21)                    = 176

Cash paid for merchandise = total purchase - increase in liability

Cash paid = 176-8 = 168

4 0
3 years ago
2. In what ways are the following three initial assessment methods similar and in what ways are they different: application blan
konstantin123 [22]

Answer:

Selection stands for the initial assessment of a candidate in an organization before he is offered a job. In includes several steps like the organization details the KSAOs (Knowledge, Skills, Abilities, and other criteria) required for the job; evaluation of a candidate over those criteria; and making an offer to the selected candidate.

Initial assessment methods stand for the starting ways through a candidate or an applicant is screened and shortlisted by the organization which includes ways like- application blanks, biographical information, and reference and background check. These three initial assessment methods are similar to each other in a way that when an organization starts its selection procedure, it reviews the applications of the candidates who all have applied for the particular position in the organization; after the screening and verification of the application form, the organization checks the biographical information of the candidate which becomes a part of application form; and finally the organization conducts a reference and background check to ensure that the candidate has given complete and true information and has not been involve din criminal or unethical actions in his past.

On the other hand, the differences in the three initial assessment methods- application blanks, biographical information, and reference and background check could be that in application blank, the candidate has to furnish his background and work experience details; while in biographical information, the organization checks and verifies it with the details furnished by the candidate in the application form; and when it comes to reference and background check, the organization performs thorough background check of the candidate before offering job to him. This way the three initial assessment methods are similar and different from each other.

Explanation:

6 0
3 years ago
Which of the following results in positive benefits to individuals, the group, or the organization? a. Functional conflict b. Em
Mumz [18]

Intergroup conflict always results in positive benefits to individuals the group or the organization.

Explanation:

The social change, decision making, reconciliation, group unity and co operation are some of the positive effects of conflicts in an organization.

The advantages of conflicts are they create awareness for the existing problems. Then by discussing the conflicting views can provide better solutions and managing conflict is quicker and more efficient.

Intergroup conflict in an organization helps the people to come out with their own ideas with creative thinking.

An example for this conflicts are the problems between management and employee and between accounting and operations team, and between UI developers and backend team.

To resolve the problems in intergroup conflict people should openly discuss about the impact that the conflict has on productivity.

6 0
3 years ago
Read 2 more answers
Thompson argues that civil liberties thrive only when the public demands them and understands that they are at risk of losing th
nataly862011 [7]

Answer: A. True

Explanation:

Clive Thompson on Why the Next Civil Rights Battle Will Be Over the Mind shared the above.

According to C. Thompson he said "That means we need to stop seeing this stuff as science fiction and start thinking about how we'll react to it. Otherwise, we could all lose our minds."

8 0
3 years ago
Other questions:
  • At the beginning of a recession in 2018, unemployment begins rising. Unemployment increases from 4.6% to 7.9% in 4 months. What
    7·1 answer
  • A pet shop owner had a parrot with a sign on its cage that said "Parrot repeats everything it hears". Davey bought the parrot an
    12·1 answer
  • Who among the following was mentioned as asking what it means to live a good life?
    9·1 answer
  • Walberg Associates, antique dealers, purchased the contents of an estate for $39,100. Terms of the purchase were FOB shipping po
    6·1 answer
  • An elderly father owns a classic car that was purchased many years ago for $7,500. The father dies and bequeaths the car to his
    8·1 answer
  • Suppose a firm pollutes a river with harmful chemicals when it produces a product. To achieve the efficient amount of output, th
    15·2 answers
  • Suppose the banking system does NOT hold excess reserves and the reserve ratio is 25%. If Melanie deposits $1,000 of cash into h
    9·1 answer
  • Melting
    5·1 answer
  • A bond is issued with a $500 face value, a 2% yield, and a maturity of 1 year. If an investor purchases the bond at face value a
    5·1 answer
  • What is the largest type of financial institution ?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!