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NeX [460]
3 years ago
10

Behavioral economists attribute some consumer behavior to the endowment effect. Which of the following is an example of the endo

wment​ effect? An example of the endowment effect is: A. buying lottery tickets with an expected value that is less than their price. B. being unwilling to sell a vase for a price that is greater than the price you would be willing to pay to buy the vase if you​ didn't already own it. C. being willing to will your descendents a car upon your death that you otherwise could have sold for a substantial price. D. being unwilling to sell a painting that you already own. E. taking into account nonmonetary opportunity costs such as the value of your time.
Business
1 answer:
Andrews [41]3 years ago
7 0

Answer:

B. being unwilling to sell a vase for a price that is greater than the price you would be willing to pay to buy the vase if you​ didn't already own it

Explanation:

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The management of money and interest rates is called ________ policy and is conducted by a nation's ________ bank.
Anna007 [38]

The management of money and interest rates is called monetary policy and is conducted by a nation's central bank.

Interest is the amount paid by the borrower or deposit-taking financial institution to the lender or depositor in excess of the repayment of the principal at a specified rate. It is different from a fee that a borrower can pay to a lender or a third party.

Interest is the price you pay to borrow money or the cost you charge to borrow money. Interest is usually given as an annual percentage of the loan amount. This percentage is called the interest rate on the loan. For example, if you deposit money in a savings account, your bank will pay you interest.

Learn more bout interest here:brainly.com/question/2151013

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5 0
2 years ago
Gaston knows he cannot be physically present at his new restaurant every hour it is? open, so he has decided to share management
Dmitriy789 [7]

Answer: General partnership.

Explanation:

Gaston has formed a general partnership with the two other business owners.

A general partnership is a business set up where two or more individuals own a business, take part in it's decision taking process and share profits equally.

6 0
4 years ago
Some people contend that any ____ worldview will eventually fail because it wrongly assumes we now have or can gain enough knowl
Strike441 [17]

Answer:

human-centered

Explanation:

human-centered Worldviews is when human is been seen as crucial specie that exist on Earth. It should be noted that any human-centered worldview will eventually fail because it wrongly assumes we now have or can gain enough knowledge to become effective managers or stewards of the earth.

4 0
4 years ago
Explain Labour turnover
koban [17]

Answer:

Labor turnover, also known as staffing turnover, refers to the ratio of a number of employees who leave a company through attrition, dismissal or resignation to the total number of employees on the payroll in that period. It's used for measuring employee retention.

Explanation:

7 0
4 years ago
1. Rosa Green estimates the cost of future projects for a large contracting firm. Rosa uses precisely the same techniques to est
-BARSIC- [3]

Answer:

1) a. True

Rosa is almost always right when she knows that her company is a monopoly, i.e. has no competition, but is generally wrong when her company has to compete with other contractors. It is simple, a monopolist can decide which markup percentage to use, and can use a really high one, but when competition exists, markups are not so high and profits not so abundant. That is why she almost always gets it wrong when having to deal with other competitors.

2) a. False

The winner's curse usually happens when someone wins a bid over some contract or asset, but then they realize that the actual price of the contract or asset was lower than the bid. E.g. in an auction, two people are fighting over to see who buys an antique car which increases the price of the car way beyond the real market value. But it can also happen to a company that offers very low prices, and then after they won a contract, cannot perform properly because their actual costs are higher.

When a company makes an offer, they are certain about the price of the contract and they should know the value of the services or goods that they are offering. If Rosa underestimates her costs, and prepares her offer using unrealistically low costs, then she will probably win the bid but end up losing money.

3 0
3 years ago
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