Adam smith's invisible hand only leads to an efficient outcome when.
a. buyers are fully infor...
Business, 18.09.2019 04:30 tripleog12716
Adam smith's invisible hand only leads to an efficient outcome when.
a. buyers are fully informed about all relevant aspects of a product and the market in which it is traded.
b. buyers collect information up to the point at which the marginal cost of having more information equals the marginal benefit of having more information.
c. buyers have more information about the product being traded than do sellers.
d. buyers have less information about the product being traded than do sellers.
Answers: 1
Business, 21.06.2019 13:50
2. a box contains 50 slips of paper. forty of the slips are marked $0, 8 of the slips are marked $20, 1 slip is marked $100, and the last one is marked $500. find the expected net winnings of a person who pays $10 to randomly select one slip of paper. interpret.
Answers: 1
Business, 21.06.2019 15:10
In which of the following situations would the price of a good be most likely to increase? a. a breakthrough in productive technology enables a company to increase its output. b. an increase in production costs results from a rise in wages. c. there's a sudden increase in the number of companies competing to sell the good. d. a drop in demand happens too quickly for producers to decrease production to keep up.
Answers: 1
Business, 21.06.2019 23:30
Starting at age 30, you deposit $2000 a year into an ira account for retirement. treat the yearly deposits into the account as a continuous income stream. if money in the account earns 7%, compounded continuously, how much will be in the account 35 years later, when you retire at age 65? how much of the final amount is interest?
Answers: 2
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