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Author Question: Consider a used car market in which half the cars are good and half are bad (lemons). Suppose the ... (Read 163 times)

Mollykgkg

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on: Jun 29, 2018
Consider a used car market in which half the cars are good and half are bad (lemons). Suppose the average price of a good car is 9,000 and the average price of a lemon is 3,000.
 
  If rational buyers are willing to pay 6,000 for a used car, then sellers will agree to sell mostly lemons at this price. What is the term used to describe this situation?
  A) adverse selection B) an efficient market
  C) moral hazard D) economic irrationality

Question 2

Refer to Table 2-10. What is Barney's opportunity cost of making a pogo stick?
 
  A) 2 unicycles B) 1.4 pogo sticks C) 1/3 of a unicycle D) 1/2 of a unicycle
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lcapri7

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Mollykgkg

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

daiying98

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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