The principles of application fertilizers Law of the Minimum: the crop's yield is restricted by the lack of one element, even Mg- al Zn S though there may be sufficient quantities of all the
1. Asymmetric auctions Consider an interdependent-values auction with two bidders, each of whom observes an i.i.d uniform signal s; E [ 0, 1]. Bidder i' s valuation for the object is equal to
2 concepts that enhance our understanding of risk... 1) Operating Leverage affects a firm's business risk. 2) Financial Leverage affects a firm's financial risk