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vovangra [49]
3 years ago
12

You want to determine whether there is a lemons problem in the market for​ single-engine airplanes. Can you use any of the follo

wing information to help answer this​ question? If​ so, how? a. Repair rates for​ original-owner planes versus planes that have been resold A. No. The information would only be useful if the repair rates varied across different models of airplanes instead of original owner versus resold planes. B. Yes. If repair rates are higher for​ original-owner planes, this would be an indication of a lemons problem. C. Yes. If repair rates are higher for planes that have been​ resold, this would be an indication of a lemons problem. D. No. Repair rates are a poor indicator of the quality of an airplane as planes require frequent repairs.
Business
1 answer:
Andreas93 [3]3 years ago
3 0

Answer:

C. Yes. If repair rates are higher for planes that have been​ resold, this would be an indication of a lemons problem

Explanation:

Lemons problem is an issue of quality of product, asset, investment : due to asymetric information about the respective quality.

Asymetric Information is when one one party in transaction has more knowledge about the quality of product or asset, than the other party.

Second hand goods are an illustration of this case, as seller has more information about the real quality of good or asset than buyer.

Lemon's problem in single engines airplanes : can be analysed by concept of second hand goods 'asymetric information, lemons problem' it. If the 2nd hand resold planes require higher repairs, it indicates that the buyer had asymetric information about bad quality of planes ( the information which seller had), but realisation of bad quality later implies higher repairs.

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The marginal impact of overall medical spending on health status is ________in the United States. The marginal impact of prevent
Mumz [18]

Answer:

C - larger; smaller

Explanation:

Marginal effects usually determine the change in a dependent variable (overall medical spending) based on a change in another variable that affects the dependent one (Spending on preventative care), all things remaining the same. If spending on preventative care is high, the overall medical bill should be low, assuming treatment costs, labor costs of health workers and all other factors are constant. If preventative care spending is low, the overall medical spending will be high.

The marginal effects of overall medical spending on health status is larger in the US. The marginal effects of preventative care spending on health is likely smaller than for overall spending.

5 0
3 years ago
Read 2 more answers
On September 1, ABC Company borrowed $50,000 on a 6%, 9-month note payable to XYZ National Bank. Given no previous adjusting ent
scZoUnD [109]

Answer:

c. debit to Interest Expense of $1,000.

Explanation:

The adjusting entry is as follows:

Interest expense Dr ($50,000 × 6% × 4 months ÷ 12 months) $1,000

     To Interest payable $1,000

(Being the interest expense is recorded)

Here interest expense is debited as it increased the expense and credited the interest payable as it also increased the liabilities

Therefore the correct option is c.

7 0
3 years ago
Alexandra has determined that studying an hour for her economics quiz will improve her grade on the quiz from 75 to 100. She als
Darina [25.2K]

Answer:

study when the hourly rate is below or equal to $20

Explanation:

Cosidering the economic principles of opportnity cost Alexandra will only study that extra time if the loss wages are less or equal to $20 dollars

as a higher hourly  rate will make the $20 dollar she consider the change in grade worth it to leave a net loss after considering the implicit cost of the test

5 0
3 years ago
byu 220 in gibbons v. ogden, the supreme court ruled that rail companies could not purchase farmland without the consent of farm
sukhopar [10]

In Gibbons v. Ogden, the Supreme Court ruled that rail companies  D. states could not restrict trade within their jurisdictions.

Under the constitution,  rail companies have the electricity to make all laws that shall be vital and proper for carrying into execution the foregoing powers. Aaron Ogden was given permission to function his steamboats in the big apple. Thomas Gibbons changed and allowed to function his steamboats in the big apple.

The ruling in Gibbons v. Ogden asserted Congress's authority to adjust interstate trade on the idea of the Supremacy Clause. It set a precedent that Congress had the strength to overturn country rules if interstate commerce were worried.

The case introduced mild the problem of the trade Clause of the united states charter. It changed into a question of whether or not Congress ought to adjust positive factors of trade. It averted states from establishing similar monopolistic rail companies' legal guidelines, encouraging an increase in steamboat journey and cargo delivery. This increased change opportunities between states, boosting states' economies.

Learn more about rail companies here:-brainly.com/question/11433327

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8 0
2 years ago
Hey guys! please help me with this questions.
KiRa [710]

Answer:

1.Business objectives are the specific and measurable results companies hope to maintain as their organization grows. Entrepreneurs and business leaders must track performance in every part of their business to make sure they're moving in the right direction

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3 years ago
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