Areserve price is a minimum price set by the auctioneer. if no bidder is willing to pay the reserve price, the item is unsold at a profit of $0 for the auctioneer. if only one bidder values the item at or above the reserve price, that bidder pays the reserve price. an auctioneer faces two bidders, each with a value of either $30 or $80, with both values equally probable. what reserve price should the auctioneer set, and what is the expected revenue from auctioning the item with and without a reserve price?

What is overdraft protection (odp)? a.) a cheap and easy way to always avoid overdrawing a bank account b.) a service to automatically transfer available funds from a linked account to cover purchases, prevent returned checks and declined items when you don’t have enough money in your checking account at the time of the transaction. c.) an insurance policy sold by banks to prevent others from withdrawing your money d.) a service provided by the government that insures individuals bank deposits up to $250,000

Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period

Summarize the specific methods used by interest groups in order to influence governmental decisions making in all three branches of government. provide at least two examples from each branch.