A warranty is most valuable as a signaling device when
A) the buyer has much more information about the product than the seller does.
B) the seller has much more information about the product than the buyer does.
C) the buyer has much more information about his or her own preferences than the seller does.
D) neither the buyer nor the seller has good information about the product.
E) neither the buyer nor the seller has good information about consumer preferences.
B
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Refer to the graph shown. If hamburgers are produced by a pure monopoly that maximizes profit, the price of hamburger dinners will be:
A. $ 4. B. $ 2. C. $ 6. D. $ 5.
Refer to the information provided in Figure 8.6 below to answer the question(s) that follow. 
Figure 8.6 Refer to Figure 8.6. Curve 3 is Outdoor Equipment's
A. marginal cost curve. B. average variable cost curve. C. average fixed cost curve. D. average total cost curve.
Inflation can be started by
A) a decrease in aggregate supply or a decrease in aggregate demand. B) a decrease in aggregate supply or an increase in aggregate demand. C) an increase in aggregate supply or an increase in aggregate demand. D) an increase in aggregate supply or a decrease in aggregate demand. E) an increase in aggregate demand or an increase in potential GDP.
Which of the following is classified as a final good or service?
i. tires bought by GM to put on new Tahoes ii. mustard bought by Subway to put on its sub sandwiches iii. your purchase of online access to the Wall Street Journal A) i and ii B) i, ii and iii C) iii only D) ii and iii E) ii only