Akerlof begins with the assumption that consumers have the option of either buying a new or used car. However‚ the consumer cannot predict whether the car that they buy is a good car or a “lemon”. Therefore‚ the probability of a car being good can have a probability of q while the probability of a lemon would be (1-q). This probability increases‚ however‚ as time progresses and you learn about your car. Therefore‚ it can be seen that the seller will have a more accurate prediction on the quality
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THE TREASURE OF LEMON BROWN / Walter Dean Myers (questions and answers from the Bagrut) 18. Why was Greg afraid of doing badly in math? ANSWER: He was afraid of doing badly in math because he knew his father wouldn ’t let him play (in the community) basketball (team). For the answer: Greg was afraid of his father - deduct 20% 19. Why did Greg go into the abandoned building? (i) He needed to get out of the rain. (ii) He was looking for Lemon Brown. (iii) He wanted to play checkers. (iv) He was
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Lemon Grass Lemon Grass is a magical herb that is very useful in many ways. It have lots of benefits if uses in right direction and proper way. A 2005 study by Ben Groin University of the Negev found that the oil from lemon grass caused cancer cell death. According to the Sun Star Network‚ lemon grass may have diuretic properties and can help with digestion. Lemon grass can also help you lose weight‚ particularly when mutual with a well diet and regular physical movement. Health Benefits of Lemon
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Ohio Lemon Law: How Can It Help You? What Is A Lemon? A lemon is a new motor vehicle that has a problem(s)‚ covered by the warranty that significantly impairs the use‚ value or safety of that vehicle. If you have had problems with your passenger car‚ noncommercial motor vehicle or motorcycle during the first year or 18‚000 miles‚ whichever occurs first‚ you should take it back to the manufacturer or the dealer and ask them to fix it. If they fail to correct the problem(s) after being given
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Lemon Battery creating a battery from a lemon is a common project in many science text books. Successfully creating one of these devices is not easy. Batteries consist of two different metals suspended in an acidic solution. Copper and Zinc work well as the metals and the citric acid content of a lemon will provide the acidic solution. Batteries like this will not be able to run a motor or energize most light bulbs. It is possible to produce a dim glow from an LED. The picture at the top
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The Treasure of Lemon Brown‚ and The Pearl Comparative Have you ever acted in a certain way and then later changed your attitude or outlook based on events or situations that have taken place. In the novel‚ The Pearl‚ written by John Steinbeck and the fictional short story “The Treasure of Lemon Brown” by Walter Dean Myers‚ this is exactly what happens. The Pear is about a man named Kino who finds a large pearl to help to save his son from a scorpion sting. But other people are willing to do anything
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Lemon Garlic Tilapia Ingredients Original recipe makes 4 servings 4 tilapia fillets 3 tablespoons fresh lemon juice 1 tablespoon butter‚ melted 1 clove garlic‚ finely chopped 1 teaspoon dried parsley flakes pepper to taste Directions 1. Preheat oven to 375 degrees F (190 degrees C). Spray a baking dish with non-stick cooking spray. 2. Rinse tilapia fillets under cool water‚ and pat dry with paper towels. 3. Place fillets in baking dish. Pour lemon juice over fillets‚ then drizzle
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For more information about JSTOR‚ please contact support@jstor.org. Oxford University Press is collaborating with JSTOR to digitize‚ preserve and extend access to The Quarterly Journal of Economics. http://www.jstor.org THE MARKET FOR "LEMONS": QUALITY UNCERTAINTY AND THE MARKET MECHANISM* A. GEORGE AKERLOF I. Introduction‚ 488.-II. The model with automobiles as an example‚ 489.- III. Examples and applications‚ 492.- IV. Counteracting institutions‚ 499. -V. Conclusion‚ 500. I.
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Threat of New Competition & Intensity of Competitive Rivalry Domestic competitors: According to exhibit one in the case‚ firecrackers and fireworks total revenue in China increased 36.01 percent from 2007 to 2009. As the hometown of firecrackers and fireworks in China‚ Liuyang naturally had increased revenue in firecrackers and fireworks. The revenue went up 68.33 percent from 750‚000‚000 USD to 1‚262‚500‚000 USD. Moreover‚ fireworks industry is a low- technology and traditional industry. The
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