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Author Question: Why might it make sense to avoid paying for extended warranties on televisions and other small home ... (Read 12 times)

elizabeth18

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on: Jun 29, 2018
Why might it make sense to avoid paying for extended warranties on televisions and other small home appliances?
 
  What will be an ideal response?

Question 2

The market demand for The Federalist Papers is likely to be more elastic than the market demand for a best-selling mystery novel.
 
  Indicate whether the statement is true or false
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heyhey123

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Reply #1 on: Jun 29, 2018
Answer to Question 1

It usually does not make sense to buy extended warranties. A warranty is like an insurance policy; if you buy a warranty you are insuring against the possibility the appliance will break. In most cases the cost of the warranty is much higher than the expected value of the losses.

Answer to Question 2

FALSE


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