Answer:
B) making warranties easier to understand.
Explanation:
The Magnuson Moss Warranty Act of 1975 governs consumer product warranties. Manufacturers are not required to offer product warranties, but when they do, they are required to provide clear and detailed information about warranty coverage. This law applies only to products, it doesn't apply to services.
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.
When the demand for bikes has considerably increased with a rise in price by $10, then the profit also increases by $10 on every bike sold.
<h3>What is meant by profit?</h3>
Profit is an incentive earned by a company by selling its products at a price higher than the original cost.
From the provided situation, it has been analyzed that there is a direct relationship between price and demand, which means an increase in demand leads to a rise in prices also. This will ultimately raise the profits of a company in respect of goods sold.
Therefore, the profits are also raised by $10 in a similar way as the rise in price by $10 due to an increase in demand for bikes.
Learn more about the economic profit in the related link:
brainly.com/question/15699405
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Some problems with emotional changes could be attitude, thoughts, school effectiveness, family life. It all just depends
Explanation:
the racial wealth gap in the United States is the disparity in median wealth between the different races . This gap is most pronounced between whitehouseholds and racia minorities
