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Zepler [3.9K]
2 years ago
11

There are many buyers who value​ high-quality used cars at the​ full-information market price of p1 and lemons at p2. There are

a limited number of potential sellers who value​ high-quality cars at v1 less than or equals p1 and lemons at v2 less than or equals p2. Everyone is risk neutral. The share of lemons among all the used cars that might potentially be sold is theta. Assume Upper P 1 greater than Upper P 2 comma v 1 greater than v 2​, and there are no transaction costs. Under what conditions are all cars​ sold?
Business
1 answer:
lesya692 [45]2 years ago
4 0

Answer:

Cars would be sold when P2 > V1,

Explanation:

Given Data

Cars = P1

Lemons = P2

Sellers who value high quality cars = V1 ≤

P1

Sellers who value high quality lemons = V2 ≤ P2

Share of lemons among used cars that might be sold = θ

EP = P1 ( θ ) + P2 ( θ ) > V1 > V2

Under which conditions are cars sold

1. Cars would be sold when P2 > V1,

2. Only lemons would be sold when P1 < V1

3. No cars would be sold if P2 is < V1

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Jeremy is studying the effects of income on the demand for Greek ceramics. If "ceteris paribus" is used, which factors would be
aliya0001 [1]

Answer:

B) all factors affecting demand, except income

Explanation:

Ceteris paribus can be used to identify the relationship between two specific variables, while leaving all other factors constant. In this case, since Jeremy is studying the effects of income on the demand (of anything really, not only Greek ceramics), it should affect all factors affecting demand except income. Jeremy is going to analyze how the quantity demanded changes when the income changes, all other things constant.

8 0
2 years ago
What media format reaches more people than television during the hours of the workday?
nignag [31]

Radio.

Newspapers, only a select people buy them, skywriting only reaches a small amount of people, and many people do not read magazines during workdays. However, radio is effective because most people most likely listen to it before work.

8 0
2 years ago
Read 2 more answers
If a cable news channel decides to report on a senator's financial indiscretions rather than report on a piece of congressional
bagirrra123 [75]

Answer:

e. Agenda Setting

Explanation:

Agenda setting refers to a practice adopted by news channels to place higher emphasis on a news, and making it appear important by consistently and repetitively covering such news.

Such a practice influences an individual's thoughts not with what he/she thinks, but what he/she should think about and consider important.

Through such a practice, the news channels underline the extent to which an issue is important i.e assign significance and importance to an issue by affecting the perceptive mindset of the viewer.

So if a political issue gets covered and getting telecast too frequently, it affects the viewers interpretation regarding the sensitivity or significance of the issue.

Many a times, through agenda setting, the media indirectly feeds it's own biased views in the thought process of the viewers. So rather than making the viewer think on his own and assign weight-age, the media itself assigns importance to an issue.

In the given case, the cable news channel preferred the topic of senator's financial indiscretion over a congressional legislation which wasn't passed. So the channel emphasized upon one issue which as per it was more important than the other and thus follows agenda setting.

6 0
2 years ago
A car dealer who sells only late-model luxury cars recently hired a new salesman and believes that this salesman is selling at l
Natasha2012 [34]

Answer:

t=\frac{5000-5600}{\frac{800}{\sqrt{16}}}=-3      

Explanation:

Data given and notation      

\bar X=5000 represent the sample mean      

s=800 represent the standard deviation for the sample      

n=16 sample size      

\mu_o =5600 represent the value that we want to test    

\alpha represent the significance level for the hypothesis test.    

t would represent the statistic (variable of interest)      

p_v represent the p value for the test (variable of interest)  

State the null and alternative hypotheses.      

We need to conduct a hypothesis in order to determine if the mean is lower than 5600, the system of hypothesis would be:      

Null hypothesis:\mu \geq 5600      

Alternative hypothesis:\mu < 5600      

We don't know the population deviation, so for this case is better apply a t test to compare the actual mean to the reference value, and the statistic is given by:      

t=\frac{\bar X-\mu_o}{\frac{s}{\sqrt{n}}} (1)      

t-test: "Is used to compare group means. Is one of the most common tests and is used to determine if the mean is (higher, less or not equal) to an specified value".  

Calculate the statistic      

We can replace in formula (1) the info given like this:      

t=\frac{5000-5600}{\frac{800}{\sqrt{16}}}=-3      

4 0
2 years ago
Unipeg Corporation has uniform high sales targets for its employees all across the globe, regardless of the environmental constr
Aleks04 [339]

Answer: 4). Unrealistic performance goals.

Explanation: Ethics are moral principles that guide how an individual acts. Ethics involves integrity and values.

In the context above, employees were given unrealistic sales targets regardless of the economic constraint of the nation. This hampered the ethical nature of some of the Staff as for fear of being penalized they became unethical.

4 0
2 years ago
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