Social Studies, 20.06.2020 17:57 bryan9892
Consider a second hand car market where three types of cars are being sold: High quality (H), medium quality (M) and low quality (L). Sellers value an H at $2000, an M at $1200 and an L at $800, whereas buyers value an H at $1800, an M at $1600 and an L at $1400. As discussed in the âAkerloffâs Lemons Marketâ, sellers are able to distinguish between different quality cars but buyers are not and a buyer believes that inthismarket40%ofthecarsisanH,30%of thecarsisanM and30%ofthecarsis an L. (a) (10 points) Determine which type of cars will be sold at the efficient allocation. (b) (10 points) Determine which type of cars will be sold at the market equilibrium.
Answers: 2
Social Studies, 22.06.2019 15:40
You're doing research for a public essay on alternative medicine. which of the following sources has the most reliable information? a.a post on a social networking site about the undesired side-effects of different alternative medicinesb.a recent government report comparing the results of alternative and contemporary medicine for a specified diseasec.an anonymous article on a medical website that claims the success of alternative medicined.a 2003 study conducted by a medical research center about the effects of alternative medicine
Answers: 1
Social Studies, 23.06.2019 16:30
In one or two sentences, describe the narrator of "an easy goin' feller."
Answers: 1
Social Studies, 23.06.2019 19:00
In there is a positive correlation between number of years of education an the amount of company pension contributions, which of the following professions would you expect to have the best company pension contributions? a.police officers, associates degree b.accountant, bachelors degree c.lawyers, masters degree d. pharmacist, doctorate degree
Answers: 1
Consider a second hand car market where three types of cars are being sold: High quality (H), medium...
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