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!
A few years ago, a new online insurer appeared. Found at www.ticketfree.org, the insurer offered, for a price, up to $500 of coverage against speeding tickets.
a. Who has more valuable information in this potential transaction, the buyer of speeding ticket insurance or the seller?
b. Explain why the existence of information asymmetries creates an adverse selection problem in the market for speeding ticket insurance.
c. What is likely to happen to the behavior of both faster and slower drivers once they have purchased speeding ticket insurance? What is this kind of problem called?
d. Ticketfree.org is no longer in operation. Use your answers to (b) and (c) to explain why.
Consider an economy with two separate regions: A and B. There are 100 million workers in total who supply their labor inelastically. The demand for labor (in millions) in region A is EA = ??100 - 15 wA and in region B it is EB= 100 - 15 wB.
The attendance at baseball games at a certain stadium is normally distributed, with a mean of 44,000 and a standard deviation of 2500. For any given game a) What is the probability that attendance is greater than 46,000
A company is considering purchasing a fleet of delivery vans which are available with either a diesel or gasoline fueled motor. The gasoline powered van has an initial price of $29,750, the diesel powered one costs $32,250. Both vehicles have a sa..
Assuming that sales of oil are normally distributed with a mean of 362,500 barrels and a standard deviation of 100,000 barrels, determine the probability that Offshore will incur an operating loss.
Suppose that the signal is no longer available. Which kinds of job will be filled by which types of workers, and at what wages? Who gains and who loses?
The market for manicures is made up of five firms, and the data in the following table represents each firm's quantity supplied at various prices. Fill in the column for the quantity supplied in the market, and draw a supply graph showing the mark..
C2. Which harvester is better using the External Rate of Return (IRR) Method C3. Which harvester is better using the Simple Payback Method if the average recovery period (industry threshold) for this category of harvester is 3 years.
"What kinds of production should be counted in measuring gross domestic product?"
These data were used to build a multiple regression model to predict the job performance of new hires based on age and GPA. The results of the analysis are shown below. Regression Analysis: Job Performance versus Age, GPA
A petroleum geologist estimates that the present annual production of 300000 barrels of oil from a group of 10 wells will decrease as follows over a 19 year life: Years 1 - 4, 300000 barrels/year,, Years 5-10, 215000 barrels/year, 11-15, 125000 and..
In a paticular industry labor supply is Es=10+w and labor demand is Ep=70-3w where E is the level of employment and w is the hourly wage. A. what is the quilibrium wage and employment if the labor market is competitivie? What is the unemplotment rat..
The postwar U.S. economy data shows that the long-run annual growth rate of output is 3.2%, the long-run annual growth rate of money stock is 5.3%, and the nominal interest is 5.8 (a) Find the inflation rate using quantity theory of money.
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