Title: Suppose buyers are willing to pay $200 for a plum (high-quality) used bike and $50 for a lemon Post by: Villerys39 on Jul 20, 2019 Figure 14.1 represents the market for used bikes. Suppose buyers are willing to pay $200 for a plum (high-quality) used bike and $50 for a lemon (low-quality) used bike. If buyers believe that 50% of the used bikes are lemons (low quality), how much will they be willing to pay for a used bike? ▸ $50 ▸ $80 ▸ $125 ▸ $200 Title: Suppose buyers are willing to pay $200 for a plum (high-quality) used bike and $50 for a lemon Post by: jfinn1021 on Jul 20, 2019 Content hidden
Title: Suppose buyers are willing to pay $200 for a plum (high-quality) used bike and $50 for a lemon Post by: zmudasam on Jul 20, 2019 Figure 14.1 represents the market for used bikes. Suppose buyers are willing to pay $200 for a plum (high-quality) used bike and $50 for a lemon (low-quality) used bike. If buyers believe that 50% of used bikes are lemons (low quality), how many plums (high quality) will be supplied by sellers? ▸ 8 ▸ 12 ▸ 16 ▸ 22 Title: Suppose buyers are willing to pay $200 for a plum (high-quality) used bike and $50 for a lemon Post by: kamronet on Jul 20, 2019 8
Title: Suppose buyers are willing to pay $200 for a plum (high-quality) used bike and $50 for a lemon Post by: zmudasam on Jul 20, 2019 Thank you for answering so quickly
Title: Suppose buyers are willing to pay $200 for a plum (high-quality) used bike and $50 for a lemon Post by: lurielbank on Jul 20, 2019 Figure 14.1 represents the market for used bikes. Suppose buyers are willing to pay $200 for a plum (high-quality) used bike and $50 for a lemon (low-quality) used bike. If buyers believe that 50% of used bikes in the market are lemons (low quality), what fraction of used bikes sold will actually be lemons (low quality)? ▸ 8/30 ▸ 8/22 ▸ 22/30 ▸ 30/30 Title: Suppose buyers are willing to pay $200 for a plum (high-quality) used bike and $50 for a lemon Post by: joanamet on Jul 20, 2019 22/30
Title: Suppose buyers are willing to pay $200 for a plum (high-quality) used bike and $50 for a lemon Post by: Yessi15 on Jul 20, 2019 Figure 14.1 represents the market for used bikes. Suppose buyers are willing to pay $200 for a plum (high-quality) used bike and $50 for a lemon (low-quality) used bike. If buyers believe that 50% of used bikes in the market are lemons (low quality), what fraction of used bikes sold will actually be plums (high quality)? ▸ 8/30 ▸ 8/22 ▸ 22/30 ▸ 30/30 Title: Suppose buyers are willing to pay $200 for a plum (high-quality) used bike and $50 for a lemon Post by: sadeen on Jul 20, 2019 8/30
Title: Suppose buyers are willing to pay $200 for a plum (high-quality) used bike and $50 for a lemon Post by: Yessi15 on Jul 20, 2019 This site is awesome!
Title: Suppose buyers are willing to pay $200 for a plum (high-quality) used bike and $50 for a lemon Post by: sadeen on Jul 20, 2019 :) Good luck on the rest
Title: Suppose buyers are willing to pay $200 for a plum (high-quality) used bike and $50 for a lemon Post by: liljay on Jul 20, 2019 Figure 14.1 represents the market for used bikes. Suppose buyers are willing to pay $200 for a plum (high-quality) used bike and $50 for a lemon (low-quality) used bike. Initially buyers believe that 50% of used bikes in the market are lemons (low quality). Compared to the outcome with neutral expectations, how many fewer bikes are sold in equilibrium? ▸ 8 ▸ 12 ▸ 18 ▸ 22 Title: Suppose buyers are willing to pay $200 for a plum (high-quality) used bike and $50 for a lemon Post by: Va97001 on Jul 20, 2019 18
|