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

Author Question: The tendency of people to value something more highly when they own it is called the A) wealth ... (Read 91 times)

student77

  • Hero Member
  • *****
  • Posts: 567
on: Jun 29, 2018
The tendency of people to value something more highly when they own it is called the
 
  A) wealth effect.
  B) endowment effect.
  C) path dependent effect.
  D) endorsement effect.

Question 2

In the long-run equilibrium in a perfectly competitive market, the economic profit of the firms is
 
  A) positive.
  B) negative.
  C) zero.
  D) increasing.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

frejo

  • Sr. Member
  • ****
  • Posts: 349
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


student77

  • Member
  • Posts: 567
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

6ana001

  • Member
  • Posts: 311
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Angioplasty. One form is called balloon angioplasty, shown here. A balloon catheter is threaded into Angioplasty. One form is called balloon angioplasty, shown here. A balloon catheter is threaded into
Hong Kong is a strange situation. A British colony since 1842, it was handed back to China in 1997 a Hong Kong is a strange situation. A British colony since 1842, it was handed back to China in 1997 a
The Land Ordinance of 1785 called for surveying and dividing the Western Territories into square mil The Land Ordinance of 1785 called for surveying and dividing the Western Territories into square mil
Central Tendency in Skewed Distributions Central Tendency in Skewed Distributions
The upper intake manifold, often called a plenum, attaches to the lower intake manifold. The upper intake manifold, often called a plenum, attaches to the lower intake manifold.
People who share genes will often have similar body weights People who share genes will often have similar body weights
Video: Wound Repair Animation

For a complete list of videos, visit our video library