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Kisachek [45]
3 years ago
11

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 isA. 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.B. Being unwilling to sell a painting that you already own.C. Being willing to will your descendents a car upon your death that you otherwise could have sold for a substantial price.D. Buying lottery tickets with an expected value that is less than their price.E. Taking into account nonmonetary opportunity costs such as the value of your time.
Business
1 answer:
tensa zangetsu [6.8K]3 years ago
3 0

Answer:

B. Being unwilling to sell a painting that you already own

Explanation:

Endowment effect is when individuals value things they own more highly than things they don't own. The endowment effect postulates that individuals are unwilling to exchange things they own for something else of equal value.

The amount people would be willing to accept in exchange for the good they own is usually very high compared to the true value of the object they own.

I hope my answer helps you.

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Supler Corporation produces a part used in the manufacture of one of its products. The unit product cost is $19, computed as fol
Ad libitum [116K]

Answer :

Advantage = $3

Explanation :

As per the data given in the question,

Particulars                     Manufacturing                          buying

Purchase from outside suppliers                                  $15

Direct material                    $7

Direct labor                        $5

Variable manufacturing overhead $2

Fixed manufacturing overhead $4

Total cost                          $18                                              $15

Fixed manufacturing overhead = $5 × 80% = $4

Since it give the net advantage of $3

Hence, Supler Corporation should purchase from the outside supplier.

We compare the manufacturing and buying cost and according to the cost we take the decision. As we can see that the buying cost is less than the manufacturing cost so it would give the advantage of $3

4 0
4 years ago
Question 1.02 sophia is feeling stressed as she has a quiz in one hour and she hasn't started studying yet. which dimensions of
Troyanec [42]
The dimensions of wellness are categorized differently. However, one source takes into the categories: (1) social, (2) emotional, (3) spiritual, (4) environmental, (5) occupational, (6) intellectual, and lastly (7) physical. 

The stress that is experienced by Sophia will take part or affect her wellness particularly in the category of emotional, intellectual, and physical. It may be clear how the emotional and intellectual wellness are affected. However, it is to be noted as well that the physical wellness is also affected by stress. 
3 0
3 years ago
Pauley Company needs to determine a markup for a new product. Pauley expects to sell 22,000 units and wants a target profit of $
Sever21 [200]

Answer:

variable markup % = 60%

Explanation:

total units sold 22,000

total costs associated with selling the 22,000 units:

variable production costs $18 x 22,000 = $396,000

variable S&A costs $13 x 22,000 = $286,000

fixed overhead = $20,500

fixed S&A = $36,700

total costs = $739,200

total cost per unit = $33.60

selling price = $33.60 + $16 = $49.60

markup percentage = [(sales price - unit cost) / unit cost] x 100

the total markup % = [49.60 - 33.60) / 33.60] x 100 = 47.62%

but since we are going to calculate the markup percentage solely based on variable costs, then:

variable cost per unit = $31

selling price = $49.60

the variable markup % = [49.60 - 31) / 31] x 100 = 60%

8 0
4 years ago
Capital Chemicals Corp. recently faced a legal hassle following which many process operators resigned voluntarily. The company f
yulyashka [42]

Answer: (A) Dysfunctional turnover

Explanation:

 The Dysfunctional turnover is the term which is used to define about the voluntarily separation between the high skilled and the average skilled employees in an organization.

 According to the given question, the Capital Chemicals Corporation is basically faced the various types of legal hassle and due to this the organization feel the shortage of experienced and knowledgeable operators.

So, this type of scenario exemplify the Dysfunctional turnover for cope with the given situation in the company. Therefore, Option (A) is correct answer.

5 0
3 years ago
Appraise the results of operations of Prestige Data Service. Is the subsidiary really a problem to Prestige Telephone Company? C
Yuki888 [10]

Solution:

Reducing hours would reduce demand for commercial revenue hours by 20%, from 138  hours to 110 hours. At that level, the total contribution would be:

110 hours x ($800 - $71.5) = $80,135 or $20,398 less than at present.

Raising the cost to $1,000 per hr for commercial clients would less demand by 30%. In March, the request had been for 138 hrs and a loss of 30% will also end up leaving 97 hrs of demand (138 hrs x 70 = 96.6 hrs).

Demand x Contribution per hour = Contribution 97 hours x ($1,000 - $71.50) = $90,064.5

Compare to present:

138 hours x ($800 - $71.50) = $100,533

The monthly contribution to fixed costs and income at $800 is greater by $10,469 than the contribution expected at $1,000. Therefore, the income will be higher if we retain the $800/hour price.

4 0
3 years ago
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