What should a student bid and what is the expected revenue, Financial Management

+44 141 628 6080
[email protected]

What should a student bid and what is the expected revenue

Problem

You have 50 concert tickets to sell and there are 100 students. You ask students to bid, the highest 50 Will Win and you charge the 51 highest bid from every Winning student. For simplicity, you can assume students' values are drawn i.i.d from U[0, l].

• What should a student bid'?
• What is the expected revenue?

Request for Solution File

Ask an Expert for Answer!!

Financial Management: What should a student bid and what is the expected revenue

Reference No:- TGS03266105

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

Salesforce to perform sales-generating activities

Using a field salesforce to perform sales-generating activities and a telemarketing salesforce to perform account servicing activities

What is the market share that bureau en gros would need

What is the market share that Bureau en Gros would need to achieve to break even on Sharpie Fine Point markers?

Manufacturers who sell directly online to consumers

Single- or multi-channel manufacturers who sell directly online to consumers without the intervention of retailers are known as Question options:

Describes the sampling units as defined by nielsen media

This term describes the sampling units (counties or geographically split counties) as defined by Nielsen Media Research Inc.

What when a marketers brand is evaluated by a target market

When a marketer's brand is evaluated by a target market that engages in limited decision making, the marketer's objective is to Multiple choice question.

What when consumers unable to articulate their experiences

When consumers are unable to articulate their experiences, what becomes particularly useful in understanding consumers preferences

Consequence of marketers triggering problem recognition

A consequence of marketers triggering problem recognition in consumers before an issue turns into a problem is that Multiple choice question.

Request for Solution File

Ask an Expert for Answer!!

Financial Management: What should a student bid and what is the expected revenue

Reference No:- TGS03266105

Have a Question? (oR Write a Review)

Recent Questions Asked Financial Management

Q : What were the main approaches to communication

Q : What evidence does the supervisor need to present

Q : What is the expected revenue in the ascending price auction

Q : Research the use of the notwithstanding provisions

Q : What should a student bid and what is the expected revenue

Q : Have you ever worked with unions

Q : How you identify with a client that this is the best service

Q : Why would or should a company care about esg issues

Q : Describe positive decision making