1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
jasenka [17]
3 years ago
13

Luke and Mia are selling their home. They listed their house three months ago at an extremely high selling price, a price they r

andomly chose. They do not want to reduce the price to reflect what the marketplace shows their home is really worth. Luke and Mia are participants in _____ bias.
Business
1 answer:
kirill115 [55]3 years ago
5 0

Answer:

anchoring and adjustment

Explanation:

Luke and Mia have determined a selling price based on the overall market review. The price they set was randomly selected by them and they do not want to reduce the price. In that regard, Mia and Luke have participants in Anchoring and adjustment. It is a phenomenon or an initial idea that helps to determine the starting point of a commodity.

You might be interested in
3) Compute the annual allowable depreciation using the straight line method for a machine that costs $86,000 to purchase and $7,
iren [92.7K]

Answer:

$14,333.33

Explanation:

Depreciation is the systematic allocation of the cost of an asset to P/l as a measure of use. It is added over the years as accumulated depreciation which is deducted from cost to get the net book value of the asset. Salvage value is the estimated realizable cost of an asset after its useful life.

Depreciation = (cost - salvage value)/useful life

Cost of an asset includes all cost incurred to make the asset available for use.

Depreciation = ($86000 + $7000 - $5000)/6

= $88000/6

= $14,333.33

7 0
3 years ago
Which of these is an example of feedback? A. Asking your supervisor if you are doing something the right way B. Joining your cow
solong [7]
Which of these is an example of feedback? C. Asking your supervisor to repeat a set of instructions.
6 0
3 years ago
A food truck is an example of which kind of distribution channel?
Schach [20]
Did you ever find the answer?

4 0
3 years ago
Read 2 more answers
Braxton's Cleaning Company stock is selling for $34.75 per share based on a required returmn of 10.4 percent. What is the the ne
mash [69]

Answer:  Po = D1/Ke + g

               $34.75 = D1/0.104 + 0.039

   $34.75 -0.039 = D1/0.104

                $34.711 = D1/0.104

                        D1  = 34.711 x 0.104

                        D1 = $3.61

Explanation: In this question. there is need to apply the formula for determining the current market price of a common stock. The current market price of a common stock is a function of next dividend capitalised at the appropriate cost of equity plus growth rate. in addition, we need to make the next dividend the subject of the formula.

5 0
3 years ago
How does free enterprise economy's freedom of producers provide benefits for individual consumers?
DanielleElmas [232]
Free enterprise economy's freedom of producers provide these five benefits for individual consumers:
1. Private Property<span>Any individual has the right to own a private property for business and on business purposes.
2. Voluntary exchange
The government can own the land without the permission of the owner.
</span>3. Public Property<span>
</span>Any property that is government owned. 4. Choice5. Voluntary expense
6 0
3 years ago
Other questions:
  • Market equilibrium:___________
    10·1 answer
  • On November 10 of the current year, Flores Mills sold carpet to a customer for $8,500 with credit terms 2/10, n/30. Flores uses
    8·1 answer
  • A court ruling against the wrongful dismissal of employees is a development in the _____ component of the general environment.
    12·1 answer
  • (look at the graph)
    8·1 answer
  • Kirsten, a manager, is writing an analysis of her employer's current and possible future revenues. Which of the following could
    10·1 answer
  • Walkane Juices is planning to launch a line of flavored beverages. It encourages consumers to take a $1,000,000 Taste Challenge.
    15·1 answer
  • Suppose the price of a ticket to a Lenny Kravitz concert is $41 and at that price, the quantity of tickets demanded is 17,000 pe
    11·2 answers
  • They gather information and conduct research to determine what customers want. They also plan and develop products and make deci
    14·1 answer
  • Cellphones are one form of communication technology, give any other form​
    14·2 answers
  • Bhat and Cho do business as Data Security, a partnership. In most states, for the purposes of collecting judgments and having ac
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!