Author Question: Which of the following is an example of money left on the sidewalk? a. Overconfident small ... (Read 76 times)

shofmannx20 · **on:** Jun 30, 2018

Which of the following is an example of money left on the sidewalk?
a. Overconfident small investors making poor stock-trading choices and failing to learn from experience.
b. A guitarist buying a high end model of a Fender Stratocaster when a low end version is available in the market.
c. A librarian purchasing the latest editions of several social science books.
d. A cancer patient insisting on getting treated at an expensive clinic instead of a general hospital.

Question 2

The law of diminishing marginal utility does not hold good when the good is free or priced at zero dollars.
a. True
b. False
Indicate whether the statement is true or false