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

Author Question: Consider a used car market in which half the cars are good and half are bad (lemons). Suppose the ... (Read 183 times)

Mollykgkg

  • Hero Member
  • *****
  • Posts: 529
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
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lcapri7

  • Sr. Member
  • ****
  • Posts: 350
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.
Answer Preview
Only 35% of students answer this correctly


Mollykgkg

  • Member
  • Posts: 529
Reply 2 on: Jun 29, 2018
Gracias!

miss.ashley

  • Member
  • Posts: 371
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Cars Cars
Take a good look at this woman Take a good look at this woman
Drug elimination: half-life to steady state. Drug elimination: half-life to steady state.
How to setup and solve a half-life problem using a table of values (Question 1) How to setup and solve a half-life problem using a table of values (Question 1)
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
Video: Plant Defense Mechanisms from Pathogens

For a complete list of videos, visit our video library