In the market for used cars we have 10 sellers, willing to sell ...

[meagbuch]

In the market for used cars we have 10 sellers, willing to sell at the prices of 1000 . 2000 . 3000 . 4000 . 5000 . 6000 . 7000 . 8000 . 9000 . 10000 . What could the market price be in order to induce five sellers to offer their cars for sale?
 a. 4001
  b. 5001
  c. 6001
  d. 7001

Question 2

The firm learns that the probability of launch estimated for the voice activated software was too optimistic and instead is actually 65. Is it still worth for the company to develop the simplified software?
 a. No, because the expected return is lower
  b. No, because the expected return is higher
  c. Yes, because the expected return is higher
  d. Yes, because the expected return is lower

[joewallace]

Answer to Question 1

b

Answer to Question 2

a