The level of quality of information would eventually exist in the market for lemons assuming there was no way to gain assurance regarding the accuracy of the information would be low only.
In the given scenario we are given that there is no way to reassure ourselves that the information is accurate about the lemons in the existing market.
So we can not be a hundred percent sure that the information regarding the lemons existing in the market is correct.
As a result, if there was no method to verify the authenticity of the information, only low-quality information would eventually be available in the market for lemons.
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50 i believe because 25 percent in the drafting phase, and 50 percent in the revising phase.
Answer:
the selling is missing, so I looked for similar questions and found that the selling price per swimsuit and its accessory is $85.
total variable costs:
- raw materials $15
- labor costs $8
- commissions $2
- total $25
total fixed costs:
- utilities $50,000
- rent $96,000
- salaries $150,000
- taxes $30,000
- total $326,000
contribution margin per swimsuit and accessory =$85 - $25 = $60
break even point in units = $326,000 / $60 = 5,433.33 ≈ 5,434 units
break even point in $ = 5,434 x $85 = $461,890
Answer:
Economic model is the answer of this question
Answer:
In the short-run, inflation and unemployment are inversely related; as one quantity increases, the other decreases. In the long-run, there is no trade-off. In the 1960's, economists believed that the short-run Phillips curve was stable.
Explanation:
https://courses.lumenlearning.com/boundless-economics/chapter/the-relationship-between-inflation-and-unemployment/