On January 1, 2019, the general ledger of Global Corporation included supplies of $1,700. During 2019, supplies purchased amounted to $6,400. A physical count of inventory on hand at December 31, 2019 determined that the amount of supplies on hand was $1,900. How much is the supplies expense for year 2019

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