« previous next »

Author Question: Why might it make sense to avoid paying for extended warranties on televisions and other small home ... (Read 47 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?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Small Munsterländer Small Munsterländer
The African Pygmy Goose (Nettapus auritus) is a very small perching duck from sub-Saharan Africa. The African Pygmy Goose (Nettapus auritus) is a very small perching duck from sub-Saharan Africa.
Fingertip kneading along the paraspinal muscles from shoulders to buttocks. Check to make sure all ... Fingertip kneading along the paraspinal muscles from shoulders to buttocks. Check to make sure all ...
Vitamins Absorbing in the small intestine Vitamins Absorbing in the small intestine
calculate the quantities required to make 5 lb of hydrophilic ointment: calculate the quantities required to make 5 lb of hydrophilic ointment:
Habitat and home Habitat and home
Video: Protein Secondary and Tertiary Structures - Animation

For a complete list of videos, visit our video library