Air conditioning installers value good ACs at $4,100 and bad ones at $3,400, while buyers value good ones at $5,900 and bad ones at $4,600. Assume that the installer can attach a warranty, which cost $80 per month for good ACs and $250 per month for bad ones. If both types of AC installers are using a 4 month warranty, then the minimum acceptable price for good AC sellers is while for bad AC sellers it is -_- Group of answer choices 4,380; 4,400 4,380; 4,480 4,420; 4,480 4,420; 4,400
Air conditioning installers value good ACs at $4,100 and bad ones at $3,400, while buyers value good ones at $5,900 and bad ones at $4,600. Assume that the installer can attach a warranty, which cost $80 per month for good ACs and $250 per month for bad ones. If both types of AC installers are using a 4 month warranty, then the minimum acceptable price for good AC sellers is while for bad AC sellers it is -_- Group of answer choices 4,380; 4,400 4,380; 4,480 4,420; 4,480 4,420; 4,400
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![Air conditioning installers value good ACs at
$4,100 and bad ones at $3,400, while
buyers value good ones at $5,900 and bad
ones at $4,600. Assume that the installer
can attach a warranty, which cost $80 per
month for good ACs and $250 per month
for bad ones. If both types of AC installers
are using a 4 month warranty, then the
minimum acceptable price for good AC
sellers is
, while for bad AC sellers it
Group of answer choices 4,380;
is
4,400 4,380; 4,480 4,420; 4,480 4,420;
4,400](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F89334573-8ad5-4e81-b014-fdfd29bae38c%2F8aed6bbd-ef75-4d57-aad1-7a245c432764%2Faf02dhs_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Air conditioning installers value good ACs at
$4,100 and bad ones at $3,400, while
buyers value good ones at $5,900 and bad
ones at $4,600. Assume that the installer
can attach a warranty, which cost $80 per
month for good ACs and $250 per month
for bad ones. If both types of AC installers
are using a 4 month warranty, then the
minimum acceptable price for good AC
sellers is
, while for bad AC sellers it
Group of answer choices 4,380;
is
4,400 4,380; 4,480 4,420; 4,480 4,420;
4,400
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