Answer:
a. Shopping for used cars when the seller has private information about the car unavailable to the buyer
Explanation:
When the market is not able to produce an efficient quantity, then it is said that market is failed. This might happens due to many reasons and asymmetric information is one of them. When there is an asymmetric information, then the sellers of the used car have information about it, but the buyer do not have the full information about the used car.
Hence this leads to inefficient outcome and therefore market fails.
Hence it can be said that a market failure example is Shopping for used cars when the seller has private information about the car unavailable to the buyer.
Hence option first is the correct answer.
Answer:
$4,250
Explanation:
The computation of the operating income or EBIT is shown below:
Earning before interest and taxes = Sales reported - operating cost other than depreciation - depreciation expense
= $12,500 - $7,250 - $1,000
= $4,250
We simply deduct the operating cost and the depreciation expense from the sales reported to arrive the earning before interest and taxes
All other information which is given in the question is not relevant. hence, ignored it
Answer: Post conventional level
Explanation:
The Benjamin are at the post conventional level of the moral development as, the post conventional profound quality is the most worthy phase of profound quality in Kohl berg's model, where people have built up their very own arrangement of morals and ethics that they use to drive their conduct.
Post conventional level is the third and last degree of Kohl berg's ethical improvement scientific categorization where people enter the most abnormal amount of spirit advancement.
Therefore, post conventional level is the correct option.
They could probably make it into a game, "Whoever recycles the most gets a trip/prize??" Honestly, the only way to get kids to do things is rewards.. its the difficult truth.
