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Author Question: If you exhibit endowment effect, then you A) decide rationally when making decisions about ... (Read 44 times)

washai

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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.


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skipfourms123

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

B

Answer to Question 2

B


washai

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Joy Chen

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Reply 3 on: Yesterday
Excellent

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