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Author Question: The idea that when we own something we value it more than other people do is called: a. self ... (Read 54 times)

cmoore54

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on: Jun 30, 2018
The idea that when we own something we value it more than other people do is called:
 a. self control
 b. anchoring
 c. compartmentalizing
 d. the endowment effect

Question 2

Consider a perfectly competitive firm that can raise its output by 2 units by hiring an additional unit of capital. If the cost of hiring this additional unit of capital is 4 and the market price of the good is 1, the firm will certainly hire this unit of capital. Hint: MRP = MP X MR
 a. True
  b. False
  Indicate whether the statement is true or false


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kaykay69

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

False


cmoore54

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Reply #2 on: Jun 30, 2018
Correct answers!


kaykay69

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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