This topic contains a solution. Click here to go to the answer

Author Question: If you exhibit endowment effect, then you A) decide rationally when making decisions about ... (Read 45 times)

washai

  • Hero Member
  • *****
  • Posts: 523
If you exhibit endowment effect, then you
 
  A) decide rationally when making decisions about selling but not when making decisions about buying.
  B) have a strong attachment to things you already own.
  C) buy something you cannot afford.
  D) decide rationally when making decisions about buying but not when making decisions about selling.

Question 2

In the long-run equilibrium in a perfectly competitive market,
 
  A) the firms make an economic profit.
  B) the firms' owners make a normal profit.
  C) the average total cost is maximized.
  D) marginal cost is at a minimum.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

skipfourms123

  • Sr. Member
  • ****
  • Posts: 343
Answer to Question 1

B

Answer to Question 2

B




washai

  • Member
  • Posts: 523
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)


Perkypinki

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

For a complete list of videos, visit our video library