Suppose that buyers are willing to pay $1,000 for a plum used computer and $300 for a lemon.If buyers expect 40% of the used computers to be plums,what is the maximum amount that buyers will be willing to pay for a used computer?

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The Answer of Suppose that buyers are willing to pay $1,000 for a plum used computer and $300 for a lemon.If buyers expect 40% of the used computers to be plums,what is the maximum amount that buyers will be willing to pay for a used computer?

Suppose That Buyers Are Willing to Pay $1,000 for a Plum