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Author Question: If you exhibit endowment effect, then you A) decide rationally when making decisions about ... (Read 68 times)

washai

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If you exhibit endowment effect, then you
 
  A) decide rationally when making decisions about selling but not when making decisions about buying.
  B) have a strong attachment to things you already own.
  C) buy something you cannot afford.
  D) decide rationally when making decisions about buying but not when making decisions about selling.

Question 2

In the long-run equilibrium in a perfectly competitive market,
 
  A) the firms make an economic profit.
  B) the firms' owners make a normal profit.
  C) the average total cost is maximized.
  D) marginal cost is at a minimum.



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skipfourms123

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Answer to Question 1

B

Answer to Question 2

B




washai

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Reply 2 on: Jun 29, 2018
Excellent


cam1229

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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