Tim Has Just Inherited a Signed Wayne Gretzky Hockey Jersey,which

question 135

Multiple Choice

Tim has just inherited a signed Wayne Gretzky hockey jersey,which he would like to sell.His reservation price for the jersey is $500,and he can either place an ad in the local newspaper for $10 or sell the jersey on eBay,which will charge him 5% of the selling price.The local buyer with the highest reservation price is willing to pay $750 at most,while the two eBay bidders with the highest reservation prices are willing to pay $1,200 and $1,000,respectively.(Note that,in an eBay auction,the bidder with the highest reservation price wins,and the price paid is the reservation price of the second-highest bidder. )
-Refer to the information above.If Tim sells his jersey on eBay,the winning bidder's economic surplus will be ________.

• A) $450.
• B) $250.
• C) $200.
• D) $50.
• E) $0.

Appreciate the historical contributions and criticisms of psychoanalytic theorists to the understanding of personality.

Understand the different instruments and legal processes involved in the transfer and securing of real estate property.

Identify and explain the various types of deeds and their purposes in real estate transactions.

Recognize the impact of zoning, restrictive covenants, and other public and private restrictions on the use and transfer of land.

---

Definitions:

United States

A country located in North America, known for its economic and military strength as well as its cultural influence globally.

Electronic Stores

are retail outlets or e-commerce websites that specialize in selling electronic goods and gadgets.

Retail Sales

Transactions of goods or services from businesses to end consumers.

United States

A country located in North America, comprising 50 states and known for its significant impact on global culture, economy, and politics.