You are a bidder in an independent private values auction, and you value the object at $3,000. each bidder perceives that valuations are uniformly distributed between $1,000 and $8,000. determine your optimal bidding strategy in a first-price, sealed-bid auction when the total number of bidders (including you) is:
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Alinguist had a gross income of 53,350 last year. if 17.9% of his income got witheld for federal income tax, how much of the linguist's pay got witheld for federal income tax last year?
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An increase in the market price of men's haircuts, from $16 per haircut to $26 per haircut, initially causes a local barbershop to have its employees work overtime to increase the number of daily haircuts provided from 20 to 25. when the $26 market price remains unchanged for several weeks and all other things remain equal as well, the barbershop hires additional employees and provides 40 haircuts per day. what is the short-run price elasticity of supply? nothing (your answer should have two decimal places.) what is the long-run price elasticity of supply? nothing (your answer should have two decimal places.)
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An economic theory that calls for workers to take control of factories is .
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You are a bidder in an independent private values auction, and you value the object at $3,000. each...
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