Which of the following would most likely not be included as manufacturing overhead in a furniture factory?
a. the cost of the glue in a chair.
b. the amount paid to the individual who stains a chair.
c. the workman's compensation insurance of the supervisor who oversees production.
d. the factory utilities of the department in which production takes place.

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