Help me with few of these homework Economic problems!
Help me with few of these homework Economic problems!
Choose answer True/False
Q 1.) In the formula of Bayes Theorem, if the w-probability is greater than zero then the a-probability is less than the b-porbability.
Q 2.) Posted offer markets with at least two sellers will generate prices that remain above prices from double auction markets.
Q 3.) A sales tax on large luxury boats will impact the buyers more than the sellers of these boats; causing the buyers to pay more than half the cost of the sales tax.
Q 4.) If each seller knew all sellers unit costs and each buyer knew all buyers unit values, a buyer or seller would be able to calculate the competitive equilibrium price before an experiment began.
No Answers Posted Yet.