Which seller do you expect to buy from and why

Assignment Help Microeconomics
Reference no: EM131916046

Problem

You are in the market for a new couch and have found two advertisements for the kind of couch you want to buy. One seller notes in her ad that she is selling because she is moving to a smaller apartment, and the couch won't fit in the new space. The other seller says he is selling because the couch doesn't match his other furniture. Which seller do you expect to buy from? Why?

Reference no: EM131916046

Questions Cloud

Have you inquired about the manufacturing source of product : Have you ever inquired about the manufacturing source of a product you were considering, or have you declined, as a matter of principle, to buy certain.
What can you tell friend to assure that you did not cheat : You need to paint your fence but you really hate this task. What can you tell your friend to assure her that you did not cheat the kid next door?
Should american companies refuse to do business in countries : Should American companies refuse to do business in countries that: Do not practice democracy? Routinely practice discrimination?
How will the given affect consumer surplus explain : Consider a market in equilibrium. Suppose supply in this market increases. How will this affect consumer surplus? Explain.
Which seller do you expect to buy from and why : The other seller says he is selling because the couch doesn't match his other furniture. Which seller do you expect to buy from? Why?
Would we be better off if that domination were to transpire : If not already the case, do you envision a future in which a relatively small number of corporations dominate world economics? Explain.
Who do you think would have a higher willingness to pay : Bill is a professional photographer. Who do you think would have a higher willingness to pay for a particular camera today? Why?
Briefly explain the merits of the given statement : If borrowers cannot monitor each other any better than the bank can, joint liability cannot solve the problems. Briefly explain the merits of this statement.
Do you decline to shop at abercrombie : Should Abercrombie's business be hurt by its exclusionary policies? Explain. Do you decline to shop at Abercrombie? Explain.

Reviews

Write a Review

Microeconomics Questions & Answers

  Evaluate the equilibrium price and quantity

Draw the market diagram and calculate the equilibrium price and quantity, and total welfare in the market (graph at end of answer).

  The recent dominican republic economic history

The recent Dominican Republic' economic history (since WWII) of the country or region with a focus on international finance, especially foreign exchange.

  Calculate the real money demand

Again, assume that prices and wages in the economy adjust quickly so that all the markets in the economy are always in equilibrium. Suppose government expenditure increases. What is the impact of this shock on P (hint. Use the equation you solved ..

  What is the largest source of energy

According to the Environmental Literacy Council (ELC), what is the largest source of energy at the present time and which two renewable energy sources does the ELC say are intermittent?

  1 consider a market for an electronic component used in

1. consider a market for an electronic component used in airport radar systems. two firms hold a patent on the

  What are the laspeyers & paasche index

1. What are the Laspeyers & Paasche index? 2. Why is it that each of the indices does not reflect accurately the impact of price increases?

  Cash flows for three different alternatives

The cash flows for three different alternatives are given in the table below. Assume that alternatives are replaced at the end of their useful lives. Life = 8 years.

  What problems occur with implementation of rfid technology

What problems might occur with the full implementation of RFID technology in retail industries? Specifically consider the amount of data that might be collected.

  How much more does the government have to spend

How much more does the government have to spend to buy up the excess supply?

  Which point represents an increase in quantity demanded

The given graph shows three market demand curves for cantaloupe - Starting at point A a. which point represents an increase in quantity demanded?

  Generalizing the wittman model

Generalizing the Wittman Model  Consider the following generalization of the Wittman model. There are two parties A and B. Party A is o?ce seeking, that is, its payo? is v > 0 if it wins the election and 0 otherwise. Party B is policy seeking and has..

  Can government tax its way out of current deficit with

can the government always reduce the budget deficit by simply increasing taxes? why or why not? please explain your

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd