Business, 13.10.2019 03:20, stsfrost9328
Academic studies suggest that the amount people tip at restaurants is only slightly related to the quality of service, and that tips are poor measures of how happy people are with their service. is this an example of market failure? choose one:
no, market failure only exists when a company produces too little of a good or service. the organizations are providing the service; consumers just choose not to tip the workers accordingly.
yes the consumers tend to tip based on thier mood at the time or whether they have enough money
no if this were a form of market failure, the government would stop allowing people to tip individuals for thier services.
yes this could be considered a form of market failure. if consumers and markets were rational tips would be based on the quality of service.
Answers: 2
Business, 22.06.2019 09:50, thanitoast84
Acar manufacturer uses new machines that automatically assemble an engine from parts fed to the system. the machine can regulate the speed ofassembly depending on the number of parts produced. which type of technology does this machine use? angenoem mense wat ons in matin en esta va ser elthe machine uses
Answers: 3
Business, 22.06.2019 18:30, saneayahsimmons
What historical context does wiesel convey using the allusion of a fiery sky? he compares the sky to hell. the fires from air raids during world war ii the cremation of jews in the concentration camps the outbreak of forest fires from bombs in world war ii
Answers: 1
Business, 22.06.2019 20:50, lopez5628
Many potential buyers value high-quality used cars at the full-information market price of € p1 and lemons at € p2. a limited number of potential sellers value high-quality cars at € v1 ≤ p1 and lemons at € v2 ≤ p2. everyone is risk neutral. the share of lemons among all the used cars that might be potentially sold is € θ . suppose that the buyers incur a transaction cost of $200 to purchase a car. this transaction cost is the value of their time to find a car. what is the equilibrium? is it possible that no cars are sold
Answers: 2
Academic studies suggest that the amount people tip at restaurants is only slightly related to the q...
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