This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If you exhibit endowment effect, then you A) decide rationally when making decisions about ... (Read 67 times)

washai

  • Hero Member
  • *****
  • Posts: 523
on: Jun 29, 2018
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

skipfourms123

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


washai

  • Member
  • Posts: 523
Reply 2 on: Jun 29, 2018
Wow, this really help

31809pancho

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

A Fossil Hominid Exhibit at The Museum of Osteology, Oklahoma City, Oklahoma A Fossil Hominid Exhibit at The Museum of Osteology, Oklahoma City, Oklahoma
Habituation to the Aversive Effect of the Odor of Pups Habituation to the Aversive Effect of the Odor of Pups
Flynn Effect IQ scores have risen across developed countries in recent decades. Source: Flynn (199 Flynn Effect IQ scores have risen across developed countries in recent decades. Source: Flynn (199
Effect of cooperative substrate binding on enzyme kinetics Effect of cooperative substrate binding on enzyme kinetics
Effect of “Moral Restraint” in the Malthusian Model Effect of “Moral Restraint” in the Malthusian Model
The Effect of Multiple Contributing Genes on Phenotypic Variation The Effect of Multiple Contributing Genes on Phenotypic Variation
Video: Knee Animation

For a complete list of videos, visit our video library