Question: plz help me this question. part b is important. Thanks. Question 1 a. Find the optimal bidding function in a rst-price auction with n bidders,

plz help me this question. part b is important. Thanks.

Question 1 a. Find the optimal bidding function in a rst-price auction with n bidders, if the distribution of bidders values is F00) = 112, and v is distributed in the interval [0,1]. b. What happens to the optimal bidding function as 11 grows large? Intuitively interpret this result (i.e., explain why this should be so)

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