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South Beach Industries reports the following information about resources.At the beginning of the year,South Beach estimated it would spend $180,000 for materials,$42,000 for purchasing,$35,000 for setups,and $36,000 for repairs.Compute unused resource capacity for repairs for South Beach.
Collude
To conspire or work together secretly, especially in order to cheat or deceive others.
Dutch Auction
A type of auction where the auctioneer starts with a high asking price which is lowered until some participant is willing to accept the auctioneer’s price, or a predetermined minimum price is reached.
Sealed-Bid Auction
A type of auction where all bidders simultaneously submit sealed bids without knowing the bids of other participants.
Reserve Price
The minimum price a seller is willing to accept for an item being sold at auction.
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