Help me with few of these homework Economic problems!

Posted on 2014-12-05 13:10:00 in Economics by SHANI

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.

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