« previous next »

Author Question: According to a behavioral economist, people who are unwilling to sell the last pound of rice they ... (Read 78 times)

rosent76

  • Hero Member
  • *****
  • Posts: 516
on: Jun 29, 2018
According to a behavioral economist, people who are unwilling to sell the last pound of rice they purchased for the same price that they paid for it are displaying ________.
 
  A) the endowment effect
  B) bounded rationality
  C) bounded self-interest
  D) bounded will power

Question 2

In the long run, which of the following is present in a perfectly competitive market?
 
  A) barriers to entry
  B) many firms in the market
  C) firms incurring an economic loss in the long run
  D) firms making an economic profit in the long run


Kjones0604

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Unhappy people Unhappy people
Children’s interactions with older siblings may help promote an understanding of other people’s ... Children’s interactions with older siblings may help promote an understanding of other people’s ...
Of four outcomes people can have after exposure to trauma, the most prevalent is resilience. Others, ... Of four outcomes people can have after exposure to trauma, the most prevalent is resilience. Others, ...
Marketing: Real People, Real Choices Marketing: Real People, Real Choices
Chicken skewers with rice and potatoes Chicken skewers with rice and potatoes
Famous People with Parkinson's Disease Famous People with Parkinson's Disease
Video: Lactation and Breast Feeding

For a complete list of videos, visit our video library