Rewrite as a Percent $\frac { 19 } { 4 }$

question 500

Multiple Choice

Rewrite as a percent.
- $\frac { 19 } { 4 }$

• A) \(500 \%\)
• B) \(47 \frac { 1 } { 2 } \%\)
• C) \(475 \%\)
• D) \(4 \frac { 3 } { 4 } \%\)

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Definitions:

Dutch Auction

Auction in which a seller begins by offering an item at a relatively high price, then reduces it by fixed amounts until the item is sold.

Winner's Curse

A situation in auctions where the winner tends to overpay due to overly optimistic valuation of the item.

First-Price

A type of auction in which the highest bidder wins and pays the price they bid.

Second-Price

A bidding strategy, often used in auctions, where the highest bidder wins but pays the price offered by the second-highest bidder.