A cruiser bike is being auctioned in a first-price sealed-bid auction. You always wanted to own a cruiser bike, and therefore decide to participate in the auction. You value the bike at $4,000
On the day of the auction, you see that there are 70 other bidders. Your optimal bid in this case is ________. A) $3,500
B) $3,000
C) $4,000
D) $3,944
D
Economics
You might also like to view...
Over the past 50 years, the largest increase in average real wage has occurred among ________
A) male college graduates B) female college graduates C) males with post-college education D) females with post-college education
Economics
The human consequences of the Great Depression included
a. homeless families. b. closed factories. c. bankrupt farmers. d. soup lines. e. all of the above conditions.
Economics