Suppose that your personal valuation for a painting is $200 . Which auction format would induce you to bid more?
a. First price.
b. Second price.
c. You would bid the same in any format.
d. Depends on the environment.
b
Economics
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"When a company's depreciation is larger than its gross investment, net investment becomes negative and the firm's capital stock decreases." Is the previous statement correct or incorrect? Explain your answer
What will be an ideal response?
Economics
Economists believe that the development of a new technology provides a way for an economy to sidestep the diminishing marginal returns of capital deepening. What is the reason behind such belief?
Economics