The law of diminishing marginal utility implies that the marginal utility of my fifth hot dog is less than the marginal utility of my second soda, other things constant

Which of the following is a similarity between a second-price sealed-bid auction and an English auction?

A) Bids are placed privately in both the auctions. B) Bids are placed publicly in both the auctions. C) Bidders place their bids simultaneously in both the auctions. D) The winner pays an amount equal to the second-highest bid in both the auctions.

Prior to the 1930s, the majority of dollars spent by government was spent at the state and local levels

Indicate whether the statement is true or false