Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
AndrewKraus AndrewKraus
wrote...
Go to Answer
Posts: 1170
Rep: 0 0
6 years ago
A fruit retailer buys 50 pounds of apples from the wholesale market every day. The retailer has observed that 20% of the apples bought each time are not of good quality. Because it is not possible for the retailer to check each apple before buying, how much should he pay for each pound if he values good apples for $1.40 per pound while he has a value of zero for bad quality apples?
A) $1.12 per pound
B) $1.20 per pound
C) $1.40 per pound
D) $2 per pound
Textbook 
Microeconomics

Microeconomics


Edition: 1st
Authors:
Read 135 times
2 Replies
Replies
Answer verified by a subject expert
losteinlostein
wrote...
#1
Top Poster
Posts: 583
Rep: 31 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1
Only I can change my life. No one can do it for me.

Related Topics

AndrewKraus Author
wrote...
#2
6 years ago
This helps with my assignment big time
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1121 People Browsing
 101 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 261
  
 312
  
 344
Your Opinion
What's your favorite math subject?
Votes: 293
Previous poll results: Who will win the 2024 president election?