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Aliun [14]
3 years ago
11

Scenario: The market for used cell phones is very popular in Barylia. However, several phones available in this market are of in

ferior quality and it is often impossible to differentiate between a good-quality phone and a poor-quality phone. Refer to the scenario above. Based on the given information, we can conclude that the market for used cell phones in Barylia: is perfectly competitive. has only one seller. is monopolistically competitive. has asymmetric information.
Mathematics
1 answer:
blondinia [14]3 years ago
4 0

Answer:

D: has asymmetric information.

Step-by-step explanation:

Several phones available in Barylia market are of inferior quality and it is often impossible to differentiate between a good-quality phone and a poor-quality phone.

So, we can conclude that the market for used cell phones in Barylia: has asymmetric information.

Asymmetric information or often called information failure shows the decision in transactions where one market or party has got better information than the others.

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A meteorologist in denver recorded y = the number of days of rain during a 30-day period. does y have a binomial distribution? i
olga_2 [115]

Solution: Yes, the random variable y will have a binomial distribution. Because there are two possible outcomes 1. number of days of rain and 2. number of days of no rain.

The parameters of binomial distribution are n and p

The parameter n is given as the number of day's under consideration.

\therefore n=30

The parameter p is not given, but it can be estimated by number of days it rained divided by the total number of days under consideration.

\therefore p=\frac{y}{n} =\frac{y}{30}


3 0
4 years ago
The temperature is -8 degrees Fahrenheit. The height pressure front increases the temperature to 7 degrees Fahrenheit. By how ma
Furkat [3]

Answer:

3 dregreess 5 degrees temperature

4 0
2 years ago
Elijah is 2 years less than twice Michael's age. If Elijah is 18, how old is Michael?<br>​
jekas [21]
Elijah is 34 years of age.

>Twice of Michael’s age is 36
>2 years less than twice of Michael’s age is 36-2.
>36-2=34

34 is your answer/
6 0
2 years ago
Kailee paid $14.84 for stamps. The number of .49-cents stamps was four less then three times the number of 21-cent stamps. How m
Akimi4 [234]

Answer:

Kailee bought 26 of 49-cents stamps and 10 of 21-cents stamps.

Step-by-step explanation:

Given:

Total Money paid for stamps = $14.84

Let the number of 49-cents stamps be x.

Also Let the number of 21-cents stamps be y.

Now Total Money paid is equal to sum of number of 49-cents stamps and number of 21-cents stamps.

100 cents = 1$

So 49 cents = $0.49

and 21 cents = $0.21

Hence equation be framed as;

0.49x+0.21y =14.84 \ \ \ \ equation \ 1

Also Given:

number of .49-cents stamps was four less then three times the number of 21-cent stamps.

hence we can say that;

x=3y-4\ \ \ \ equation \ 2

Now Substituting the value of equation 2 in equation 1 we get;

0.49(3y-4)+0.21y=14.84\\1.47y- 1.96+0.21y=14.84\\1.68y=14.84+1.96\\1.68y = 16.8\\y=\frac{16.8}{1.68}=10

Now substituting the value of y in equation 2 we get;

x=3y-4\\x=3\times10-4\\x=30-4\\x=26\\

Hence Kailee bought 26 of 49-cents stamps and 10 of 21-cents stamps.

7 0
3 years ago
UPS charges $7 for the first pound and $0.20 for each additional pound. FedEx charges $5 for the first pound and $0.30 for each
mixas84 [53]

Answer:

1. 20 pounds

2. $11

Step-by-step explanation:

To set this up, you have to use a system of equations. It would look like this, where  is pounds and  is total cost:

UPS:

FedEx:

In order to solve a system of equations you must either a.) graph it, or b.) set them equal to each other.

If you graph it, the answer is where the two lines intersect.

If you set them equal to each other, solve it.

I will set them equal to each other in this:

The first step in a problem like this, where there's the same variable on both sides, is to subtract the smaller variable from both sides. In this case, it is  . That would turn the equation into:

After that, you must solve it like a regular two-step equation.

Start by subtracting 5 from both sides:

Now, you must divide both sides by .

That would give us:

This means that in order for the prices to be the same, the package must be 20 pounds.

Now in order to find the total cost, you must plug 20 into one of the equations. It doesn't matter which, since they both equal the same. I will plug it into the FedEx equation:

Now you can just use a calculator and solve that or do it by hand. Multiply 0.30 by 20, to get 6, then add 5, which equals 11.

You should get: .

This means that the total cost, when the costs are the same for both FedEx and UPS, is $11.

5 0
3 years ago
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