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

Author Question: Suppose there are 100 buyers and 100 sellers in the used car market. Half of the sellers have a ... (Read 123 times)

allihubbard

  • Full Member
  • ***
  • Posts: 169
on: Nov 23, 2022
Suppose there are 100 buyers and 100 sellers in the used car market. Half of the sellers have a lemon to sell and half have a peach. Buyers value lemons at $4,000 and peaches at $11,000, while sellers value lemons at $3,400 and peaches at $8,250. Only sellers know if the car is a lemon or a peach. Suppose the current price of the car is $7,500. What is the total surplus in the market? If the sellers of peaches can get their cars certified for $800, what is total surplus in the market?
◦ $30,000.00, $167,500.00
◦ $30,000.00, $167,450.00
◦ $167,500.00, $167,450.00
◦ $167,500.00, $30,000.00
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by allihubbard on Nov 23, 2022

FireandIce

  • Full Member
  • ***
  • Posts: 157
Reply #1 on: Nov 23, 2022
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.
Answer Preview
Only 50% of students answer this correctly


allihubbard

  • Member
  • Posts: 169
Reply 2 on: Nov 23, 2022
:D TYSM

jamesnevil303

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Women who are monozygotic twins and have the same genes are more similar in their marital happiness Women who are monozygotic twins and have the same genes are more similar in their marital happiness
A mere one-half percent of Americans owns over a quarter of the entire nation’s wealth. Very few ... A mere one-half percent of Americans owns over a quarter of the entire nation’s wealth. Very few ...
Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ... Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ...
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
Iraqi market Iraqi market
Video: Smoking Cessation

For a complete list of videos, visit our video library