Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Consider a market in which sellers sell their used car. There are three types of used cars, indexed by q = 10, 20, 30. The monetary value of a car of type q is q to the seller, and (1.1)q to the buyer. The seller knows the type of his car, but the buyer does not. There are 100 sellers of each type (so 300 in total}, and 301 buyers. Buyers are not cash-constrained (each buyer has at least $100 of money).
a) Find the competitive equilibrium price and allocation (quantity and types of car transacted).
b) 'What would be a Pareto optimal allocation in this market?
c) Suppose a "lemon law" is enacted that forces sellers to disclose the quality of their car. That is, q is now known to buyers as well as to sellers. Describe the competitive equilibrium price[s) and allocation tmder the lemon law.
(1) Compare your answers to questions a), b), and c). What is learned about the opportunity for govennnents to enact this kind of lemon law?
You need to calculate the total amount of potatoes in kg that you are going to require. This needs to include the waste trim. You will be able
Using the method of comparables, what should be Delta's stock price?
A manager needs to find out some information that is located in two tables. The SQL clause will be used to combine these records as follows:
Explain why Kant was a "deontological ethicist" and his problems with the difficulty of teleological or consequential ethics, explaining in depth and in detail: Kant's Categorical Imperative giving focus to Kant's intention with the term "Categorical..
Major soft drink companies have begun to phase out their previous system of marketing their product through independent bottlers and moved toward company-owned distribution systems. One issue is the coordination of pricing and marketing in the two ty..
Briefly explain the nature of the open-market operation required to bring down the overnight cash rate by 25 basis points. What is the effect of an inflation target on the position of the monetary-policy rule? Why does the RBA follow an explicit 2–3%..
Evaluate competitive advantage potential of cross-business strategic fits among the various business units. Check whether firm's resources fit requirements of its present businesses.
Consider a model with only one time period. Assume that there exist a stock and a cash bond in the model. The initial price of the stock is $40. The investor be
Assume a perfectly competitive firm is currently producing 5,000 units of output and is earning $15,000 in total revenue. The marginal cost of the 5,000th unit of output is $3. The corresponding average total cost is $3.50 and total fixed costs equal..
Use the normal distribution of fish lengths for which the mean is 10 inches and the standard deviation is 4 inches. Assume the variable x is normally
"If we allow free trade in the automobile industry, some automobile workers will lose their jobs. This unemployment will make society worse off." What advantage of free trade does this argument overlook? How might the unemployment be alleviated at lo..
What do you think the main expenses will be for your business? Make sure to discuss labor, rent, equipment, and any other major expense you can think of.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd