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

Author Question: The tendency of people to value something more highly when they own it is called the A) wealth ... (Read 26 times)

student77

  • Hero Member
  • *****
  • Posts: 567
The tendency of people to value something more highly when they own it is called the
 
  A) wealth effect.
  B) endowment effect.
  C) path dependent effect.
  D) endorsement effect.

Question 2

In the long-run equilibrium in a perfectly competitive market, the economic profit of the firms is
 
  A) positive.
  B) negative.
  C) zero.
  D) increasing.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

frejo

  • Sr. Member
  • ****
  • Posts: 349
Answer to Question 1

B

Answer to Question 2

C




student77

  • Member
  • Posts: 567
Reply 2 on: Jun 29, 2018
Wow, this really help


Joy Chen

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Excellent

 

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

For a complete list of videos, visit our video library