Imagine you are a buyer in a double oral auction with a reservation value of $17 and there is a seller asking for $11
if you accept this offer, you will gain $ (enter your answer as an integer)
if you are the only buyer, and you know that the lowest ask price is $3, should you accept this offer?
a. yes, since you will gain $14.
b. no, as the only buyer you can extract a lower ask price.
c. yes, accepting an offer from any other seller will reduce your surplus.
d. both a and c are correct.

The cook corporation has two divisions--east and west. the divisions have the following revenues and expenses: east westsales $ 603,000 $ 506,000 variable costs 231,000 300,000 traceable fixed costs 151,500 192,000 allocated common corporate costs 128,600 156,000 net operating income (loss) $ 91,900 $ (142,000 )the management of cook is considering the elimination of the west division. if the west division were eliminated, its traceable fixed costs could be avoided. total common corporate costs would be unaffected by this decision. given these data, the elimination of the west division would result in an overall company net operating income (loss) of: multiple choice$91,900$(64,100)$(142,000)$(50,100)