Order Now

Question : 11) Suppose that there only two types of used cars, : 1238682

Economics

 

11) Suppose that there are only two types of used cars, peaches and lemons. Peaches are worth $10,000 and lemons are worth $4,000. Without effective signals such as warranties, the owners of peaches cannot sell their cars for $10,000 because the

A) owners of peaches cannot convince buyers that their cars are worth $10,000.

B) buyers cannot convince owners of peaches to sell their cars for $10,000.

C) owners of lemons cannot convince buyers that their cars are worth more than $4,000.

D) buyers cannot convince owners of lemons to sell their cars for more than $4,000.

E) buyers cannot convince owners of lemons to sell their cars for $4,000.

 

12) Suppose that there are only two types of used cars, peaches and lemons. Peaches are worth $10,000, and lemons are worth $6,000. Three fourths of all used cars are peaches, and one fourth are lemons. In a market with no signals, for instance, a market without warranties, the average value of cars actually sold will be

A) $6,000.

B) $7,000.

C) $7,500.

D) $9,000.

E) $10,000.

 

13) Suppose there are only two kinds of cars in the market for used cars: lemons and good cars. A lemon is worth $1,000 both to its current owner and to anyone who buys it. A good car is worth $8,000 to its current and potential owners. Buyers can’t tell whether a car is a lemon until after they have bought the car, and there is no warranty. What is the equilibrium price of a used car?

A) $8,000

B) $1,000

C) $4,500

D) $9,000

E) The equilibrium price depends on how many lemons and how many good cars are traded.

14) Signals are believable when the cost of sending a ________ is known to be ________.

A) false signal; low

B) false signal; high

C) true signal; low

D) true or false signal; low

E) true signal; high

 

15) Your grade point average acts as ________ to potential employers.

A) a signal

B) private information

C) a reservation price

D) a guarantee

E) insurance

 

16) One of the ways the market for used cars copes with the problems associated with private information is through the offering of

A) leases.

B) warranties.

C) low interest rates.

D) high prices for high-quality used cars.

E) low prices.

17) Used car buyers believe a car is good quality when the seller signals the car’s quality by offering a warranty because

A) car sellers would never lie.

B) car buyers are gullible.

C) signals lead to efficient pooling equilibriums.

D) the signal cannot be false.

E) a false signal can be costly to the seller.

 

18) Used car buyers believe a car is good quality when the seller signals the car’s quality by offering a warranty because

A) a warranty on a lemon is costly to the seller.

B) warranties are only offered on lemons.

C) the signal cannot be false.

D) adverse selection means that warranties will not be used as a signal.

E) a false signal has no effect on the seller.

 

19) Warranties in the used car market ________ the problem of private information thereby causing the price of good and bad used cars to ________.

A) reduce; be the same

B) reduce; differ

C) magnify; be the same

D) magnify; differ

E) None of the above answers is correct because warranties have nothing to do with private information.

20) In the used car market with no warranties, the market for lemons (poor quality used cars) is ________ and the market for good cars is ________.

A) efficient; efficient

B) inefficient because of oversupply; inefficient because of undersupply

C) inefficient because of oversupply; inefficient because of oversupply

D) efficient; inefficient because of undersupply

E) inefficient because of oversupply; efficient

 

 

 

Continue to order Get a quote
Place your order
(550 words)

Approximate price: $22

July 1, 2023
    

The perspective is of a 20 year old male (My name is Johnny Andino)

Week One: Preparing for the Narrative Essay

Narrative writing tells a story. A good narrative is more than reporting what happened. It has a purpose. It takes the audience on an adventure. This is best achieved by introducing a conflict, adding tension, and building to the moment (climax) when the conflict is resolved. This week we begin our journey by taking the first steps in the writing process.

Writing Process

  • Discovery
  • Drafting
  • Revision
  • Publishing

In the discovery process, also called prewriting, we generate ideas, explore options, and gather connected thoughts to build a foundation for the essay. After generating ideas, we begin to organize by creating an outline which serves as a framework for the essay. Next, we draft the essay, presenting the ideas for the first time in a logical order with focus on our audience and purpose.

This week we will complete discovery activities and create an outline for our essay. To complete this assignment, download these instructions as a Word Document using the link above and respond to the three prompts.

What will you write?

Think of the kinds of stories you like to tell your friends or family to make them laugh or to share a tough moment or challenge you had at work or school. Consider a story you would tell in a job interview, on a first date, or the first time you met your partner’s parents. You might tell a story of something cute or or scary, or one that makes you look good, right? Choose a story that you fit into like your old sneakers, one that you know where all the dramatic turns are.

Think about it for a while. Take a walk, clear your mind, or have a cup of tea. It's important to decide on a story you are comfortable with because you'll be working with it for the next four weeks.

Before you complete the work sheet, read Chapter 6 in The Norton Sampler, pages 121- 130. Remember, the story has to be a single event--one event. “That time when I fell off the couch just now” is too short for 2-3 pages, but “My whole pregnancy” is way too long for 2-3 pages (which is 500-750 words).

Ready? Good. Now complete the attached worksheet attached (see the link at the top of this page).

WORKSHEET

Generating Ideas: What Shall I Write?

It is best to focus on an event that takes place in a short period of time. Possible topics include:

  • An event that was interesting, humorous, or embarrassing
  • Something you found especially difficult or challenging
  • A memory from your childhood that remains vivid
  • An important moment that changed your life

Part I - Exploring with Sentences

Before you begin choosing a topic, explore each possible topic by writing a sentence using the same sentence pattern as demonstrated in the example.

  • An event that was interesting, humorous, or embarrassing

Example: When the beady-eyed raccoon darted out from behind my sofa, I knew it was time to find a new apartment.

YOUR SENTENCE________________________________________

  • Something you found especially difficult or challenging

Example: Running a marathon takes stamina, endurance, and lot of patience.

YOUR SENTENCE________________________________________

  • A memory from your childhood that remains vivid

Example: The smell of vanilla and cinnamon brings me back to my grandmother’s kitchen.

YOUR SENTENCE________________________________________

  • An important moment that changed your life

Example: I owe my life to a single man who changed my life: my father.

YOUR SENTENCE________________________________________

Part 2 - Your Story Begins

Now that you have considered several possible topics, it is time to explore the topic in more depth. Fill in the blanks to complete the following sentences.

My story is about__________________.

My story takes place _______________ (where).

My story takes place _______________ (when).

In the opening, _______________ happens.

The conflict in my story is___________________.

The resolution of the conflict is_______________.

The main point of the story is________________.

Part 3 - Organizing: Create an Outline

Consider your story with a beginning, middle, and end. The beginning informs the audience of the topic of the story either implicitly or explicitly. It is often best to be direct, particularly as you move forward in your studies to classes specific to your field of study. Be certain the reader has enough information to understand where you are going. The middle is where you describe the conflict and build to the climax, the moment when a decision must be made or a change occurs. In the end, the conflict is resolved, and a moment of reflection follows, often underlining the main point or theme of the story.

Complete the following:

  1. Write one sentence introducing your topic/story.
  2. Write one sentence describing the scene when the story opens.
  3. Write one sentence describing the conflict.
  4. Write one sentence sharing how the conflict is resolved.
  5. Write one sentence describing what you learned.
default image
July 1, 2023
    

The perspective is of a 20 year old male (My name is Johnny Andino)

Week One: Preparing for the Narrative Essay

Narrative writing tells a story. A good narrative is more than reporting what happened. It has a purpose. It takes the audience on an adventure. This is best achieved by introducing a conflict, adding tension, and building to the moment (climax) when the conflict is resolved. This week we begin our journey by taking the first steps in the writing process.

Writing Process

  • Discovery
  • Drafting
  • Revision
  • Publishing

In the discovery process, also called prewriting, we generate ideas, explore options, and gather connected thoughts to build a foundation for the essay. After generating ideas, we begin to organize by creating an outline which serves as a framework for the essay. Next, we draft the essay, presenting the ideas for the first time in a logical order with focus on our audience and purpose.

This week we will complete discovery activities and create an outline for our essay. To complete this assignment, download these instructions as a Word Document using the link above and respond to the three prompts.

What will you write?

Think of the kinds of stories you like to tell your friends or family to make them laugh or to share a tough moment or challenge you had at work or school. Consider a story you would tell in a job interview, on a first date, or the first time you met your partner’s parents. You might tell a story of something cute or or scary, or one that makes you look good, right? Choose a story that you fit into like your old sneakers, one that you know where all the dramatic turns are.

Think about it for a while. Take a walk, clear your mind, or have a cup of tea. It's important to decide on a story you are comfortable with because you'll be working with it for the next four weeks.

Before you complete the work sheet, read Chapter 6 in The Norton Sampler, pages 121- 130. Remember, the story has to be a single event--one event. “That time when I fell off the couch just now” is too short for 2-3 pages, but “My whole pregnancy” is way too long for 2-3 pages (which is 500-750 words).

Ready? Good. Now complete the attached worksheet attached (see the link at the top of this page).

WORKSHEET

Generating Ideas: What Shall I Write?

It is best to focus on an event that takes place in a short period of time. Possible topics include:

  • An event that was interesting, humorous, or embarrassing
  • Something you found especially difficult or challenging
  • A memory from your childhood that remains vivid
  • An important moment that changed your life

Part I - Exploring with Sentences

Before you begin choosing a topic, explore each possible topic by writing a sentence using the same sentence pattern as demonstrated in the example.

  • An event that was interesting, humorous, or embarrassing

Example: When the beady-eyed raccoon darted out from behind my sofa, I knew it was time to find a new apartment.

YOUR SENTENCE________________________________________

  • Something you found especially difficult or challenging

Example: Running a marathon takes stamina, endurance, and lot of patience.

YOUR SENTENCE________________________________________

  • A memory from your childhood that remains vivid

Example: The smell of vanilla and cinnamon brings me back to my grandmother’s kitchen.

YOUR SENTENCE________________________________________

  • An important moment that changed your life

Example: I owe my life to a single man who changed my life: my father.

YOUR SENTENCE________________________________________

Part 2 - Your Story Begins

Now that you have considered several possible topics, it is time to explore the topic in more depth. Fill in the blanks to complete the following sentences.

My story is about__________________.

My story takes place _______________ (where).

My story takes place _______________ (when).

In the opening, _______________ happens.

The conflict in my story is___________________.

The resolution of the conflict is_______________.

The main point of the story is________________.

Part 3 - Organizing: Create an Outline

Consider your story with a beginning, middle, and end. The beginning informs the audience of the topic of the story either implicitly or explicitly. It is often best to be direct, particularly as you move forward in your studies to classes specific to your field of study. Be certain the reader has enough information to understand where you are going. The middle is where you describe the conflict and build to the climax, the moment when a decision must be made or a change occurs. In the end, the conflict is resolved, and a moment of reflection follows, often underlining the main point or theme of the story.

Complete the following:

  1. Write one sentence introducing your topic/story.
  2. Write one sentence describing the scene when the story opens.
  3. Write one sentence describing the conflict.
  4. Write one sentence sharing how the conflict is resolved.
  5. Write one sentence describing what you learned.
default image
July 1, 2023
    

The perspective is of a 20 year old male (My name is Johnny Andino)

Week One: Preparing for the Narrative Essay

Narrative writing tells a story. A good narrative is more than reporting what happened. It has a purpose. It takes the audience on an adventure. This is best achieved by introducing a conflict, adding tension, and building to the moment (climax) when the conflict is resolved. This week we begin our journey by taking the first steps in the writing process.

Writing Process

  • Discovery
  • Drafting
  • Revision
  • Publishing

In the discovery process, also called prewriting, we generate ideas, explore options, and gather connected thoughts to build a foundation for the essay. After generating ideas, we begin to organize by creating an outline which serves as a framework for the essay. Next, we draft the essay, presenting the ideas for the first time in a logical order with focus on our audience and purpose.

This week we will complete discovery activities and create an outline for our essay. To complete this assignment, download these instructions as a Word Document using the link above and respond to the three prompts.

What will you write?

Think of the kinds of stories you like to tell your friends or family to make them laugh or to share a tough moment or challenge you had at work or school. Consider a story you would tell in a job interview, on a first date, or the first time you met your partner’s parents. You might tell a story of something cute or or scary, or one that makes you look good, right? Choose a story that you fit into like your old sneakers, one that you know where all the dramatic turns are.

Think about it for a while. Take a walk, clear your mind, or have a cup of tea. It's important to decide on a story you are comfortable with because you'll be working with it for the next four weeks.

Before you complete the work sheet, read Chapter 6 in The Norton Sampler, pages 121- 130. Remember, the story has to be a single event--one event. “That time when I fell off the couch just now” is too short for 2-3 pages, but “My whole pregnancy” is way too long for 2-3 pages (which is 500-750 words).

Ready? Good. Now complete the attached worksheet attached (see the link at the top of this page).

WORKSHEET

Generating Ideas: What Shall I Write?

It is best to focus on an event that takes place in a short period of time. Possible topics include:

  • An event that was interesting, humorous, or embarrassing
  • Something you found especially difficult or challenging
  • A memory from your childhood that remains vivid
  • An important moment that changed your life

Part I - Exploring with Sentences

Before you begin choosing a topic, explore each possible topic by writing a sentence using the same sentence pattern as demonstrated in the example.

  • An event that was interesting, humorous, or embarrassing

Example: When the beady-eyed raccoon darted out from behind my sofa, I knew it was time to find a new apartment.

YOUR SENTENCE________________________________________

  • Something you found especially difficult or challenging

Example: Running a marathon takes stamina, endurance, and lot of patience.

YOUR SENTENCE________________________________________

  • A memory from your childhood that remains vivid

Example: The smell of vanilla and cinnamon brings me back to my grandmother’s kitchen.

YOUR SENTENCE________________________________________

  • An important moment that changed your life

Example: I owe my life to a single man who changed my life: my father.

YOUR SENTENCE________________________________________

Part 2 - Your Story Begins

Now that you have considered several possible topics, it is time to explore the topic in more depth. Fill in the blanks to complete the following sentences.

My story is about__________________.

My story takes place _______________ (where).

My story takes place _______________ (when).

In the opening, _______________ happens.

The conflict in my story is___________________.

The resolution of the conflict is_______________.

The main point of the story is________________.

Part 3 - Organizing: Create an Outline

Consider your story with a beginning, middle, and end. The beginning informs the audience of the topic of the story either implicitly or explicitly. It is often best to be direct, particularly as you move forward in your studies to classes specific to your field of study. Be certain the reader has enough information to understand where you are going. The middle is where you describe the conflict and build to the climax, the moment when a decision must be made or a change occurs. In the end, the conflict is resolved, and a moment of reflection follows, often underlining the main point or theme of the story.

Complete the following:

  1. Write one sentence introducing your topic/story.
  2. Write one sentence describing the scene when the story opens.
  3. Write one sentence describing the conflict.
  4. Write one sentence sharing how the conflict is resolved.
  5. Write one sentence describing what you learned.
default image
Essay (any type)
August 22, 2022
    

They have a magnificent team. These people are always kind and willing to listen to your concerns or issues. Better yet, your assignment is always ready before the time, they usually send you a draft to double-check before they finalize your paper.

 

default image
Customer #32567
Zoology, 8 Pages
Case study
August 22, 2022
    

Completed quickly and followed instructions given. Grammar, spelling, etc. was all good as well. Thank you so much! Will hire in the future.

default image
Customer #30093
Biology (and other Life Sciences), 6 pages
Presentation/PPT
August 22, 2022
    

The work has not been graded but I like the output that was submitted to me. Is it possible for the same prof to do the next assignment I will be submitting? If possible, I will greatly appreciate it.

default image
Customer #37612
Computer science, 8 pages
Journal article
August 22, 2022
    

My third using this writer and absolutely amazing work! Very punctual and very understanding.

default image
Customer #34820
Agriculture, 4 pages
Article
August 22, 2022
    

Outstanding job in writing my paper. I am always thrill to receive a well written paper that follows the instructions and the thorough details put into my paper. The quality of this paper is beyond awesome. Thank you so much.

default image
Customer #17907
Technology, 5 pages
Thesis/Thesis chapter
August 22, 2022
    

I absolutely love this writer! He/she always cranks out a fabulous paper and follows the assignment guidelines/instructions perfectly. Thanks again for always providing such quality work!!!

default image
Customer #32146
Economics, 9 pages
Research paper
August 22, 2022
    

It took some time to achieve the product I was looking for, but we eventually got there. I do feel like a lot of hard work was put into this, and it even exceeded the page requirement. I'm pretty pleased overall. I give my thanks.

default image
Customer #22371
Ecology, 5 pages
Lab Report
August 22, 2022
    

Outstanding work! This writer followed every instruction and my paper came back with an A! I recommend to anyone needing help! Thank you again ❤️

default image
Customer #13712
Nursing, 6 pages
Outline
August 22, 2022
    

Outstanding job in writing my paper. I am always thrill to receive a well written paper that follows the instructions and the thorough details put into my paper. The quality of this paper is beyond awesome. Thank you so much.

default image
Customer #267302
IT, Web, 6 pages
Essay (any type)
August 22, 2022
    

Made 100% on both the outline and the paper. Quick turnaround time and my writer responded within 30 min or less. Any edits my instructor needed, my writer was patient and worked diligently to accomplish the task. Would recommend my writer to anyone!

default image
Customer #14472
International Trade, 8 pages
Essay (any type)
August 5, 2021
    

You are making my life so much easier! I am a single mom that works and goes to school. You guys are helping me with my projects so I can have more free time with my son.

default image
customer #13832
Tourism, 3 pages
Annotated Bibliography
August 5, 2021
    

I was sure it can fit in a single page but the next time I will add one more page because I am impressed with your professionalism and quality. Will use many more times till I graduate.

default image
customer #12008
Management, 7 pages
Essay (any type)
August 5, 2021
    

Simple registration and quality services. I just ordered one paper, and it was good enough to pass the exam. That is what I need the most. Good job.

default image
customer #16257
Communication, 4 pages
Research Proposal
August 5, 2021
    

I couldn’t finish my freaking essay, and I was very desperate. A friend of mine sent me a link, and that is how I found out about you guys. Thank you for professional tips and editing. Now, I understand how to write it properly.

default image
customer #17128
Law, 5 pages
Reflection
August 5, 2021
    

I’m so grateful to you since you managed to complete my term paper in one day! You are definitely the best company ever!

default image
customer #16528
Public Relations, 7 pages
Essay (any type)
August 5, 2021
    

I am sure on your ability to provide any type of paper I will order. I wish I could develop that skill your writers have to be able to have a flow of ideas and excellent sequencing of thoughts in writing.

default image
customer #19552
Medicine, 5 pages
Coursework
August 5, 2021
    

I ordered a thesis paper and was satisfied. All the guys were polite and highly professional, even when I wrote to them several times per day. Thanks for your passion!

default image
customer #20376
Nursing, 6 pages
Discussion Essay
August 5, 2021
    

I turned to the service twice, and my papers always were beyond the expectations. To tell the truth, I was ready to find some grammar errors or something like that. However, everything was neat and tidy.

default image
customer #18529
Marketing, 1 page
August 5, 2021

My friend recommended Doctor My Essay to me. It is convenient! Now we both turn to the service periodically coz wanna save some time and use it more effectively. I know that while I’m developing my startup, an expert is working on paper. Time management in work!

default image
Research Paper
August 5, 2021
    

I write all paper works by myself but have some problems with literacy. Actually, I have enormous problems because English is not my native language. However, with proofreading from Doctor My Essay, I can relax and don’t be ashamed of mistakes.

default image
customer #12924
Business, 7 pages
Argumentative Essay
August 5, 2021
    

Your ability to write concisely is a finding. The paper has a solid argument. It’s clear that the writer understood central claim about the topic. He also presented original ideas to consider.

default image
customer #19304
Management, 3 pages
Coursework
August 5, 2021
    

That paper got the highest grade in my class and the professor thinks I’m the smartest student. Lol.

default image
customer #12387
Accounting, 6 pages
Essay (any type)
August 5, 2021
    

I was convinced that paper writing services are the fiction for naive students. But when it came to my research paper that was to be composed in 72 hours, I had no other options. I made the right choice when I ordered it from you!

default image
customer #12924
Ethics, 4 pages
Business Plan
August 5, 2021
    

I was also satisfied with the service. Usually, I write everything by myself, but this time ( I have no idea how it happens!) I missed the deadline. My writer was very responsible, wrote the essay quickly, and kept the instructions. Nice to know that such experts exist!

default image
customer #15677
Marketing, 10 pages
Annotated Bibliography
August 5, 2021
    

It is really affordable! The prices start from 9$, which is an excellent proposal on the market. Recently I worked with another service that took much more money and provided lower quality papers.

default image
customer #11234
Sociology, 9 pages
Research proposal
August 5, 2021
    

I am absolutely satisfied. I am first timer here. Revision was made quickly, and the author met my expectations. Thanks a lot. Paper is phenomenal.

default image
customer #15327
Economics, 5 pages
Essay (any type)
August 5, 2021
    

Having heard a lot of negative reviews about such services, I was a bit skeptical. However, our cooperation with Doctor My Essay was without pitfalls. I made two comments about the final work, and they re-wrote some parts very promptly. I am satisfied and will turn to them in the future.

default image
customer #17823
Human Resource Management, 2 pages
Research paper
August 5, 2021
    

It was my first experience in online ordering, and I was a bit nervous. However, this was for nothing. I’ve got a high mark!

default image
customer #12372
Public Relations, 3 pages
Dissertation
August 5, 2021
    

I understand that buying essays is a doubtful thing. You don’t put effort, don’t represent your ideas… However, I don’t perceive Doctor My Essay as a standard service. They don’t sell papers. They share high expertise!

default image
customer #12376
Journal article, 20 pages
Coursework
August 5, 2021
    

According to my previous experience, this service is really the best. They support the client and have competitive writers. I give them a perfect score!

default image
customer #19266
Political Science, 6 pages
Admission Essay
August 5, 2021
    

Nice service! It is cool that you can use the calculator on the main page and understand the price policy. For me, it is a huge plus!

default image
customer #11437
Tourism, 1 page
Discussion Essay
August 5, 2021
    

Thanks to God I found this service! If I didn’t send my research to the teacher on time, he would eat me. I tell you! However, with doctor my essay service, I met the deadline, and I am still alive.

default image
customer #12692
Philosophy, 5 pages
Report
August 5, 2021
    

Your service is excellent! Convenient and not expensive. Thanks for that!

default image
customer #10923
Psychology, 4 pages
Essay (any type)
August 5, 2021
    

If you have problems with time management, just like me, you need to cooperate with Doctor My Essay. Once you registered and made the order, you understand how easier it makes your life! Everything is online: ordering, communication… You can control the process everywhere and be sure that an expert will provide a high-level paper.

default image
customer #17823
Business, 8 pages

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more