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Q. Here is the question I need help on: Suppose that in New Crankshaft, Pennsylvania, the quality distribution of the 4, 000 used cars on the market is such that the number of used cars of value less than V is V/2. Original owners must sell their used cars. Original owners know what their cars are worth, but buyers can't determine a cars quality until they buy it. An owner can both take his car to an appraiser and pay the appraiser $100 to appraise the car (accurately and credibly) or sell the car unapprised. In equilibrium, car owners will have their cars appraised if and only if the cars value is at least?
A Los Angeles firm uses a single input to produce a recreational commodity
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What is the deadweight loss in both markets if the price of a crate of fresh oranges is raised.
James earned $10,000 in income in his new job in Nova Scotia after the move and his employer paid him $1,000 specifically to cover the cost of the move, but doesn't specify what it can be used for.
Suppose the legislature enacts minimum wage legislation in order to provide workers with a "living wage.
Suppose you read in the newspaper that all last week the Fed conducted purchases in open market, and that on Tuesday of last week it lowered the discount rate.
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The mission must comprise APA format references on the final slide and in-text references on the slide where information is presented.
In 2012, Balnur taught music and earned $20,000. She also earned $4,000 by renting out her basement. On January 1, 2013, she quit teaching, stopped renting out her basement, and began to use it as the office for her new Web site design business.
Illustrate what would be the production possibility frontiers for Brazil as well as the United States.
What other economic factors are affected when taxes are raised or lowered, and how are they affected. Should the government increase tax rates on everyone as a way to equalize incomes and wealth.
MMM expects to generate $60,000 in earnings that will be retained for reinvestment in the firm this year.
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