Business, 19.12.2019 02:31 wcraig1998

Suppose that 3 risk - neutral bidders participate in an auction. the winner will be appointed as the interim senator by the illinois governor . the bidders a , b and c value the senate seat at $8 million, $6 million and $6 million respectively. each bidder knows everyone’s v aluations (including his own and everyone else’s). the bidders will compete in auctions as desribed in parts (a) through (d), in each case, bids can be made in $1 thousand increments (1 thousand, not 1 million) at any value from $1 million to $10 million. last, the winner must kiss the governor's cheek when the transaction concludes, although he would rather not, all other things being equal. which bidder wins in a first-price sealed-bid auction? how much will the governor receive?

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answer; /// multipotentialite means a person who have many different interests and creative pursuits in life; (one true calling);

polymath; means a person of wide-ranging knowledge or learning;

scanner; means; a device that captures images from photographic prints,posters,magazine pages.ect;

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answer; charters;

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answermarketing metrics;

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of the three mortgage options that demarco and tanya have to choose from, the balloon payment mortgage would be their best option, over adjustable payment and fixed payment plans.ultimately, the balloon payment plan would save demarco and tanya overall, in interest, would cost less monthly, and they would only have to make these payments for 8 years, opposing to 30 years for adjustable or fixed payment plans.

overall, demarco and tanya would save $80,811 if they chose balloon payments over fixed payments, and would save $116,711 if they choose balloon payments over adjustable payments. benefits with choosing fixed payments over adjustable payments is that, in the end, the payments will still be $836.30 a month, while with adjustable payments, the initial monthly payments will be $763.38 to $1082.70 a month, ultimately leading to a more costly purchase. benefits with choosing fixed payments over balloon payments are not present. benefits in choosing adjustable payments over is that it has a lower interest rate, and starts with lower monthly payments initially. benefits in choosing adjustable payments over balloon payments include a lower interest rate, and lower initial monthly payments. benefits in choosing balloon payments over fixed payments include lower interest rates, lower overall price, lower monthly payments, takes less time to pay off, and does not require a downpayment. benefits in choosing balloon payments over adjustable payments include, lower monthly payments (when averaged), takes less time to pay off, and lower overall price.

hence, option c, balloon payments, is the best option for demarco and tanya to make this purchase, for it will save them a minimum of $80811, and a maximum of $116,711.

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