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
bagirrra123 [75]
3 years ago
14

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

f the endowment​ effect? An example of the endowment effect is A. being willing to will your descendents a househouse upon your death that you otherwise could have sold for a substantial price. B. buying lottery tickets with an expected value that is less than their price. C. being unwilling to sell a carcar that you already own. D. being unwilling to sell a paintingpainting for a price that is greater than the price you would be willing to pay to buy the paintingpainting if you​ didn't already own it. E. taking into account nonmonetary opportunity costs such as the value of your time.
Business
1 answer:
mestny [16]3 years ago
6 0

Answer:  Option C

Explanation: As per the subject matter of behavioral economics, endowment effect refers top the phenomenon under which it is assumed that a rational individual will retain a commodity he or she already owns rather than acquiring the same commodity if he do not own it.

Hence from the above we can conclude that correct option is C as it states that one will not sell a painting even though at a price that the holder would pay to purchase it himself.  

   

You might be interested in
An increase in investment __________.
borishaifa [10]
Expands the productive capacity of the economy.
3 0
3 years ago
The Animè Sushi Bar collects data on how many dragon rolls and sashimi are made per hour. Dragon rolls take longer to make than
kobusy [5.1K]

The difference in production is most likely due to adding a chef, because production increased across the board at each level for both types of rolls. If there was only one chef, one roll would increase and the other would decrease because they could only spend their time on one thing.

6 0
3 years ago
Read 2 more answers
Eager, a tipped employee, reported to his employer that he had received $320 in tips during March. On the next payday, April 4,
Sphinxa [80]

Answer:

Amount of OASDI taxes to withhold = $35.34

Explanation:

Find:

Amount received in march = $320

Amount of salary = $250

Find:

Amount of OASDI taxes to withhold .

Computation:

OASDI tax rate = 6.2%

Total amount = Amount received in march + Amount of salary

Total amount = $320 + $250

Total amount = $570

Amount of OASDI taxes to withhold = Total amount × OASDI tax rate

Amount of OASDI taxes to withhold = $570 × 6.2%

Amount of OASDI taxes to withhold = $35.34

5 0
3 years ago
ABC stock has just closed at $70.50. A customer has an open order on the Specialist's book (DMM's book) to sell short 100 shares
Rudiy27

Answer:

A) Sell short 100 ABC at 69.45 Stop

Explanation:

When an order is placed below the market (OBLOSS - Open Buy Limits Open Sell Stops) it will be adjusted on the specialist's book for distributions on ex date. This open sell stop order = $70 - $0.55 (dividend) = $69.45

So the adjusted order will be: Sell short 100 ABC at 69.45 stop.

7 0
3 years ago
Ways which business can overcome competition in the market environment​
AnnZ [28]
<h2><em>Ten ways to keep ahead of the competition</em></h2>

<em>Know the competition. Find out who your competitors are, what they are offering, and what their strengths and weaknesses are. ...</em>

<em>Know your customers. ...</em>

<em>Differentiate. ...</em>

<em>Step up your marketing. ...</em>

<em>Update your image. ...</em>

<em>Look after your existing customers. ...</em>

<em>Target new markets. ...</em>

<em>Expand your offer.</em>

3 0
3 years ago
Other questions:
  • During the current year, Robert pays the following amounts associated with his own residence:
    10·1 answer
  • The following information is available for Wonderway, Inc., for 2018: Factory rent $ 28,300 Company advertising 20,200 Wages pai
    13·1 answer
  • At the beginning of the year, Kullerud Manufacturing had a credit balance in its allowance for doubtful accounts of $10,670, and
    5·1 answer
  • Imagine that Johnson &amp; Johnson is about to begin developing an ad campaign for a new product line of body washes. Before doi
    6·1 answer
  • Flannigan Company manufactures and sells a single product that sells for $620 per unit; variable costs are $372. Annual fixed co
    9·1 answer
  • Compile a job advertisement for a receptionist vacancy.Advertisement should include the name of the business and the title of th
    7·1 answer
  • Which of the following is correct? Both purely competitive and monopolistic firms are "price takers." Both purely competitive an
    13·1 answer
  • Shanghai Company sells glasses, fine china, and everyday dinnerware. They use activity-based costing to determine the cost of th
    14·1 answer
  • China's growth rate has___
    5·1 answer
  • Identifying and Classifying Balance Sheet and Income Statement Accounts
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!