This topic contains a solution. Click here to go to the answer

Author Question: When people make decisions based on pieces of information they are already given when they make a ... (Read 150 times)

kamilo84

  • Sr. Member
  • ****
  • Posts: 495
When people make decisions based on pieces of information they are already given when they make a purchase, it is called
 a. self control
 b. compartmentalizing
  c. anchoring
 d. endowment effect

Question 2

A perfectly competitive firm hires more resources than a monopolist.
 a. True
  b. False
  Indicate whether the statement is true or false



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

shailee

  • Sr. Member
  • ****
  • Posts: 392
Answer to Question 1

d

Answer to Question 2

True




kamilo84

  • Member
  • Posts: 495
Reply 2 on: Jun 30, 2018
:D TYSM


Dinolord

  • Member
  • Posts: 313
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

For a complete list of videos, visit our video library