There are 19 buyers bidding for one item in an auction. Assume that buyer vaiuations follow...

 

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There are 19 buyers bidding for one item in an auction. Assume that buyer vaiuations follow a uniform(0, 1) distribution. Suppose that the valuations of the 19 buyers are: Vy = 0.9762 ty = 0.9020 Uy = 0.7507 U = 0.5199 Us = 0.1181 Ug = 0.8128 U7 = 0.2044 Us = 0.3469 ty = 0.9842 V10 = 0.5588 V11 = 0.8802 V12 = 0.0392 V13 = 0.0129 V14 = 0.3283 V1s = 0.4843 Vr6 = 0.6817 V17 = 0.4042 Vis = 0.7425 V1g = 0.1353 Q1.1 2 Points If the auction format is first-price, sealed-bid, what will be the winning bid? Enter your answer here Q1.2 2 Points If the auction format is first-price, sealed-bid, which bidder will win the auction? 3 4 5 8. 6. 口 10 11 12 13 14 15 O 16 17 O 18 19 Save Answer 2. LO LO Q1.3 2 Points If the auction format is first-price, sealed-bid, what will be the winning bidder's actual surplus? Enter your answer here Save Answer Q1.4 2 Points If the auction format is second-price, sealed-bid, what will be the winning bid? Enter your answer here Save Answer Q1.5 2 Points If the auction format is second-price, sealed-bid, which bidder will win the auction? D1 6 7 8. 9. O 10 11 12 13 14 15 16 17 18 19 3. Q1.6 2 Points If the auction format is second-price, sealed-bid, what will be the winning bidder's actual surplus? Enter your answer here Save Answer Q1.7 2 Points In this question, which auction format raises the most revenue for the seller? O first-price, sealed-bid O second-price, sealed-bid the auctions generate the same revenue There are 19 buyers bidding for one item in an auction. Assume that buyer vaiuations follow a uniform(0, 1) distribution. Suppose that the valuations of the 19 buyers are: Vy = 0.9762 ty = 0.9020 Uy = 0.7507 U = 0.5199 Us = 0.1181 Ug = 0.8128 U7 = 0.2044 Us = 0.3469 ty = 0.9842 V10 = 0.5588 V11 = 0.8802 V12 = 0.0392 V13 = 0.0129 V14 = 0.3283 V1s = 0.4843 Vr6 = 0.6817 V17 = 0.4042 Vis = 0.7425 V1g = 0.1353 Q1.1 2 Points If the auction format is first-price, sealed-bid, what will be the winning bid? Enter your answer here Q1.2 2 Points If the auction format is first-price, sealed-bid, which bidder will win the auction? 3 4 5 8. 6. 口 10 11 12 13 14 15 O 16 17 O 18 19 Save Answer 2. LO LO Q1.3 2 Points If the auction format is first-price, sealed-bid, what will be the winning bidder's actual surplus? Enter your answer here Save Answer Q1.4 2 Points If the auction format is second-price, sealed-bid, what will be the winning bid? Enter your answer here Save Answer Q1.5 2 Points If the auction format is second-price, sealed-bid, which bidder will win the auction? D1 6 7 8. 9. O 10 11 12 13 14 15 16 17 18 19 3. Q1.6 2 Points If the auction format is second-price, sealed-bid, what will be the winning bidder's actual surplus? Enter your answer here Save Answer Q1.7 2 Points In this question, which auction format raises the most revenue for the seller? O first-price, sealed-bid O second-price, sealed-bid the auctions generate the same revenue