Business, 07.04.2020 15:41 DASASDAEDWEDA
1.5-Price Auction A seller is auctioning off? a painting and using the following auction format: • If there is a unique highest bidder, then this bidder gets the painting pays the average of the highest bid and the second highest bid. • If there are two highest bids, then break ties by who is older, and this bidder gets the painting and pays the highest bid. • Everyone who is not a highest bidder (or oldest in the set of highest beds) does not receive the painting, and pays nothing. Bidders N = {1, . . . , n} are participating. For each i ∈ N, if bidder i receives the painting and pays x, then i gets utility θi − x. Each i's strategy space Si is a number 0 or above. A strategy pro?le is a pro?le of bids (s1, . . . , sn). (a) (5) Write i's utility for each possible strategy pro?le. (b) (10) Is si = θi a dominant strategy? Show why/why not. (For points, you must show.) (c) (10) Is si = θi a dominated strategy? Show why/why not
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In the rbv are defined as the tangible and intangible assets that a firm controls that it can use to conceive and implement its strategies.answers: management policies
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What’s the present value of a perpetuity that pays $250 per year if the appropriate interest rate is 5%? $4,750 $5,000 $5,250 $5,513 $5,788what is the present value of the following cash flow stream at a rate of 8.0%, rounded to the nearest dollar? cash flows: today (t = 0) it is $750, after one year (t = 1) it is $2,450, at t = 2 it is $3,175, and at t=3 it is $4,400. draw a time line. $7,917 $8,333 $8,772 $9,233 $9,695
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Which of the following best describes the economic effect that results from the government having a budget surplus? a. consumers save more and spend less, enabling long-term financial planning. b. overall demand decreases, reducing the incentive for producers to increase production. c. banks have more deposits, enabling them to make more loans to investors. d. government spending increases, increasing competition for goods and services and driving prices up.
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1.5-Price Auction A seller is auctioning off? a painting and using the following auction format: • I...
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