Suppose that there is asymmetric information in the market for used cars. sellers know the quality of the car that they are selling, but buyers do not. buyers know that there is a 40% chance of getting a "lemon", a low quality used car. a high quality used car is worth $30,000, and a low quality used car is worth $15,000.based on this probability, the most that a buyer would be willing to pay for a used car is $

$527.7.if the following was the question  $527.7 is the answer.students who are trying to raise funds have an agreement with a local pizza chain. the chain has agreed to sell them pizzas at a discount, which the students can then resell to families in the local community for a profit. it is expected that of the 500 families in the community, at most 70% will buy pizza. based on a survey of their personal preferences, the students believe that they should order no more than 120 cheese pizzas, no more than 150 pepperoni pizzas, and no more than 100 vegetarian pizzas. they also want to make sure that at least 20% of the total pizzas are cheese and at least 50% of the pizzas are pepperoni. they make a profit of $1.45, $1.75, and $1.98, respectively, for each cheese, pepperoni, and vegetarian pizza they resell. how many pizzas of each type should they buy?

Dwould be the correct answer to this problem