« previous next »

Author Question: Why might it make sense to avoid paying for extended warranties on televisions and other small home ... (Read 39 times)

elizabeth18

  • Hero Member
  • *****
  • Posts: 559
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
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


heyhey123

  • Sr. Member
  • ****
  • Posts: 353
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Blood glucose measurement. A postprandial test may be self-administered. (a) A lance pierces the ski Blood glucose measurement. A postprandial test may be self-administered. (a) A lance pierces the ski
Primates use their space in a variety of ways: home ranges, core areas, and territories. Primates use their space in a variety of ways: home ranges, core areas, and territories.
The Canadian ballot is considerably simpler than the American ballot. Note there is nothing like a c The Canadian ballot is considerably simpler than the American ballot. Note there is nothing like a c
Positioning the face cradle. A. Neck in proper alignment. B. Avoid hyperextension. C. Avoid too much ... Positioning the face cradle. A. Neck in proper alignment. B. Avoid hyperextension. C. Avoid too much ...
Active transport: Absorption Methods in the Small Intestine Active transport: Absorption Methods in the Small Intestine
An 8th grade class develops a linear model that predicts the number of cheerios (a small round ... An 8th grade class develops a linear model that predicts the number of cheerios (a small round ...
Video: Lower Limb Arteries Animation

For a complete list of videos, visit our video library