Answer:
In equilibrium the maximum price set for a broken laptop to be sold is $600
Explanation:
According to the given data we have the following:
It is given that 40% laptops are in good condition. This implies that 60% are in bad condition.
In ordert to calculate the maximum price set for a broken laptop to be sold we would have to calculate the expected price that the buyers will be willing to pay for a laptop as follows:
Expected price=0.60($2000)+0.40($600)
Expected price=$1,200+$240
Expected price=$1,440
As the owners of good laptops are willing to sell their laptops for $1,800, whis is more that $1,440, they will not sell their products.
This implies that only bad laptops are sold in the market. The willingless to pay for the bad laptops is $600
Therefore, In equilibrium the maximum price set for a broken laptop to be sold is $600
A.
Societies are built upon the idea and the foundation of ordering communities. It only makes sense that this order is there to protect the well-being of it's members.
I'd argue that the best of societies are those that promote spirituality, which is an aspect to wellness and well-being. Answer A definitely includes this, whereas answer C specifies and focuses on only this aspect.
Answer: 3200 tonnes
Explanation:
Rice production in 2001 = 1000 tonnes, which represented a 25% of total food gain in 2001.
Total food grain production in 2001
= 1000 × 100 / 25
= 4000 tonnes
In 2002 production of rice decreased by 4%
= 1000 - 1000 × 4 ÷ 100
= 960 tonnes
Total food grain production in 2002
= 3200 tonnes
