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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?
what is the probability that sample variance would be less than 100? what is the probability that sample variance would be more than 500.
Assuming that factor markets are otherwise free and competitive, explain why the higher real wage would fail to increase the share of labor income in national income.
q.assume that omar s marginal utility for cups of coffee is constant at 3.5 units per cup no matter how many cups he
q.how do external costs level of output to produce and economic efficiency given a chartquantity private costs social
How is culture of India reflected in idea of sacred cow. Illustrate what influence does this have on arts of India.
You sign a security agreement that describes the collateral. The bank does not file a financing statement. Has the banks security interest attached? If so, when?
How can a compensation scheme designed to enhance worker motivation lead to this result.
Which statement is true? The marginal cost curve is used to determine if a firm is operating at peak efficiency. A firm will always try to maximize its total revenue.
The labor abundant countries of asia have experiences rapidly rising wages since those economies liberalized their international trade policies. Does this observation match the predictions of international trade theory? Explain.
Illustrate how do you think this would affect household spending on goods and services.
Changes in disposable income affect government purchases and the government purchase function. How do changes in net taxes affect the consumption function.
Illustrate what steps do you suggest that it take in order to balance its budget. What would be the affect on you if it takes steps to balance its budget, or Illustrate what would be the affect on you if it does not.
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