Answer:
you may be struggling to pinpoint the separation between your inquiry and my perspective
A.) 591.7 v B.) 991.7 v C.) 59.7 % D.) 47.9 kW E.) 247925 W F.) 59.7 %
Answer:
Explanation:
In a steady-state condition, the total volume exiting matches the total volume entering, and
the total amount of salt entering equals the total amount of salt exiting.
The volume entering each minute is = 2000 + 2 x 10³ x 60
= 122000 L.
The total salt entering per minute = 1200 x 2000 + 20 x 2 x 10³ x 60
= 2400000 + 2400000 mg
= 4800000 mg.
The volume of water exiting each minute = 122000 L.
The total salt exiting each minute = 4800000 mg.
The concentration of salt in the exiting water = 4800000 / 122000
= 39.344 mg / L.
Answer: Equal to the collector’s maximum willingness to pay for the statue.
Explanation:
The Vickrey auction, often referred to as a sealed second-price auction, is a bidding format named after the Canadian economist Vickrey. In this auction style, participants submit bids in a concealed manner, preventing others from viewing the amounts being offered.
The collector should bid an amount he or she is comfortable paying for the statue, to ensure they do not feel disadvantaged by the bidding process. In this auction system, the final price paid corresponds to the second-highest bid rather than the highest bid submitted.
