The method of allocation that most stores use during Thanksgiving sales is A. a combination of contest and command OB. a combination of market price and lottery OC. first-come, first-served D. a combination of market price and first-come, first-served
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- Please answer 2 and 3. 2. What might happen if a car dealership is awarded a bonus by the manufacturer for selling a certain number of its cars monthly, but the dealership is just short of that quota near the end of the month? Group of answer choices a. Potential buyers will lose buying power at the dealer b. It may sell the remaining cars at huge discounts to hit the quota c. It creates an incentive to sell cars from different manufacturers d. It would ruin the relationship between dealer and manufacturer 3. If Jackie wanted to determine whether to produce more product in her company, she would do so if Group of answer choices a. Marginal revenue exceeded average cost b. Marginal cost was greater than marginal revenue c. Average cost exceeded marginal cost d. Marginal revenue was greater than marginal cost Thank you!.Please no written by hand solutions eBay is the largest online auction site. Sellers pay a small fee to list their items, which can be sold at a fixed price or auctioned. Generally, the auction lasts several days, and the bidders submit electronics bids. After the auction closes, the highest bidder receives an email and gets three business days to contact the seller. eBay provides ratings on buyers and sellers based on their positive and negative comments. eBay has set up policies to guard against ‘feedback manipulation’ and ‘feedback abuse.’ eBay encouraged buyers to pay through ‘PayPal’ and ‘PayPal’ provides $2000 free insurance in case the buyer doesn’t receive the product or the quality of the product is poorer than expected. eBay’s safety staff investigates alleged misuses at eBay, such as fraud, trading offenses, and illegally listed items. A potential resolution is banning a seller from future trading on eBay. Based on the above situation, answer the following questions: What…City-wide lockdowns were implemented in Sydney by the NSW government in July-August 2021 in response to new COVID-19 cases detected in the community. This question assumes that the market for apartments in Sydney is perfectly competitive.(a) Evaluate the decision of the NSW government to double the first home buyer subsidy in terms of Pareto efficiency and fairness.(b) Now suppose the NSW government decides not to help first home buyers in Sydney any longer and removes the existing subsidy. Evaluate this decision in terms of Pareto efficiency and fairness.
- In the market for used cars, there are two types of cars: bad cars, or good cars. The sellers know the qualities of the cars, and they value bad cars at $100 and good cars at $1000. The buyers cannot observe the quality of the cars, and they are willing to pay $100 for a bad car, and $1000 for a good car. Assume that buyers can only offer the same buying price forany car in the market (i.e., buyers cannot discriminate among sellers). What is the equilibrium price in such a market for used cars? a) $550b) $100c) $1000d) Between $100 and $1000e) This is a case of adverse selection. The equilibrium price cannot be determined.Question 5 Snyder challenges Zwolinski's appeal to the nonworseness claim by arguing that sellers have a general duty of beneficence that becomes specified in the wake of a disaster, and this specified duty rules out price gouging. Group of answer choices True False Question 6 Anderson argues that the extent of the market should be limited because the market inherently involves exploitation. Group of answer choices True False Question 7 Brennan and Jaworski bring up the selling of pets in order to argue that placing a market price on something does not entail that it is viewed as of mere instrumental value. Group of answer choices True False Question 8 Brennan and Jaworski bring up the sexual practices of the Merina of Madagascar in order to argue that what money symbolizes is a social construct. Group of answer choices True FalseIn a pooling equilibrium, there is ________ of insurance in the market for safe drivers, and there is ________ of insurance in the market for aggressive drivers. Group of answer choices underprovision; an efficient quantity underprovision; overprovision underprovision; underprovision overprovision; underprovision overprovision; overprovision
- A voluntary exchange between Mike (the purchaser) and Wayne (the seller) occurs because Mike stands to gain and Wayne to lose they had no choice Mike stands to lose and Wayne to gain they both gain from the transactionThe illusion of control bias refers to: (a)None of the other answers are correct (b)A bettor thinking they have control over the outcome of a match/game (c)A bettor overestimating their ability to pick the outcome of a game (d)An individual with a gambling problem arguing they do not have a gambling problemCisco Corp. is exporting to the U.S. market. As Cisco does not have competition with any of the U.S. local firms, its only competitor is one Japanese firm. The Japanese firm instead obtains supplies from a Canadian firm. Based on this information, Cisco Corp. has ____ exposure and the Japanese firm has ____ exposure. A. transaction; translation B. economic; transaction C. economic; translation D. translation; transaction
- Question:Ahmed is an agent for Bader for maintaining Bader’s antique cars collection, including sale and purchase of antique cars. Ahmed has had this position for several years, but recently Ahmedhas developed a cocaine habit. He recently sold one of Bader’s cars and kept some of the money himself to buy some cocaine. Soon thereafter, Ahmed was declared bankrupt. The government then notified Ahmed that he had sold the maximum allowable number of cars in a year without getting a dealer’s license. Shortly thereafter, Bader was on a secluded island and died, which no one knew about until 2 weeks later. Discuss the effect of these events on the existence of the agency.What might happen if a car dealership is awarded a bonus by the manufacturer for selling a certain number of its cars monthly, but the dealership is just short of that quota near the end of the month? Group of answer choices It may sell the remaining cars at huge discounts to hit the quota. It creates an incentive to sell cars from different manufacturers. It would ruin the relationship between dealer and manufacturer. It will be tougher to bargain for potential buyers. buying power at the dealer. None of the above will occur.A market has reached an efficient outcome when Group of answer choices total surplus is minimized. total surplus is maximized. producer surplus is greater than consumer surplus. consumers are able to purchase as much as they like. producers are able to produce and sell as much as they like.