This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Mr. Smith put his laptop up for sale. He is aware of the fact that the laptop malfunctions ... (Read 113 times)

HCHenry

  • Hero Member
  • *****
  • Posts: 591
on: Jun 29, 2018
Mr. Smith put his laptop up for sale. He is aware of the fact that the laptop malfunctions frequently.
 
  However, none of the potential customers who came to buy the laptop were able to discover the problem and one of them actually bought it at a remunerative price. This occurred due to ________. A) the presence of asymmetric information
  B) the presence of positive externalities
  C) the presence of negative externalities
  D) the selective retention of information by sellers

Question 2

If the market demand for oranges is relatively inelastic with respect to price, orange consumers
 
  A) pay no attention to price in their purchasing decisions.
  B) will buy fewer oranges at any higher price and will spend less money on oranges.
  C) will buy fewer oranges at any higher price but will spend more money on oranges.
  D) will buy more oranges at any higher price.
  E) will buy more oranges only if their incomes increase.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Madisongo23

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


HCHenry

  • Member
  • Posts: 591
Reply 2 on: Jun 29, 2018
Wow, this really help

strudel15

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Determination of the complete genome sequence of Haemophilus influenzae by Venter, Smith, and collea Determination of the complete genome sequence of Haemophilus influenzae by Venter, Smith, and collea
Drive - In fact it was you Drive - In fact it was you
A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact, A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact,
Kiki Smith, Guide. Kiki Smith, Guide.
Medical assistant uses a laptop computer for bedside charting. Medical assistant uses a laptop computer for bedside charting.
The fact that a mother works outside the home has no negative effect on the well-being of her child ... The fact that a mother works outside the home has no negative effect on the well-being of her child ...
Video: Requirements for nervous signals

For a complete list of videos, visit our video library