Answer:
0.25
Explanation:
Given :
The 
the non defective cars = 
We will consider all the defective 
only. This is only because the value of the used car is $ 2000 and it is lower than the price of a good car that is $10,000. Thus only defective cars are being sold as the old cars.
For a risk neutral customer, the price that he is ready to give for the new car is the reservation price of a non defective car. It means that (the amount of $ 8000 is the value of the good car x chances of getting a good car) +( the value of the bad car x chances of getting a bad car).
Since we know that x is the fraction of all the cars sold in the market are defective, it means that the fraction of the good cars is 1 - x. Thus putting the values,
= 0.25
Thus the value of :
Answer:
purchase the same amount as before when the price rises by 10%.
Explanation:
A perfectly inelastic demand curve is basically a straight vertical line. This means that the consumers are willing to purchase the goods or services no matter what their price is. In other words, they will keep buying them at any price, up to infinity and beyond. This is not a real scenario, because no product will be purchased at any price that the seller wants.
The correct answer to this is C profits. hope this helps :)
<span>The answer is B-Total Recurring Monthly in which it is a constant number that you can use or track all of your recurring monthly expenses over time and its an income that a business can count on receiving every single month, and its fundamentally different than traditional businesses. </span>
Networking is the process where people is trying to help business and others with similar goals by trading information including contacts and referrals.
Business networking is one way of expanding business and trying to find more members to join their business.
