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
Owens Corning has total assets of $800,000, long-term debt of $240,000, stockholders' equity of $350,000, and current liabilitie
Artyom0805 [142]

Answer:

$50,800

Explanation:

Increase in assets = Current Assets * Percentage change in sales = $800,000 * 20% = $160,000

Increase in current liabilities = Current liabilities * Percentage change in sales = $210,000 * 20% = $42,000

Increase in retaned earning = Increased sales*Profit Margin*Retention ratio = $1,000,000*120%*8%*(1-0.30) = $67,200

External financing need = Increase in Assets - Increase in liabilities - Increase in retained earning

External financing need = $160,000 - $42,000 - $67,200

External financing need = $50,800

5 0
3 years ago
Calculate the value of total production for 2020 valued at the base year. Sugar per kg 1 Shirt Petrol per liter Base year: Price
Greeley [361]

The value of general production for 2020 is worth the bottom year: unfastened, granulated white sugar sold in 33-eighty oz. packages, irrespective of packaging type. Excludes brown sugar and synthetic sweeteners."

Production is the procedure of making or manufacturing items and merchandise from uncooked materials or components. In other words, manufacturing takes inputs and makes use of them to create an output that is a match for intake – an awesome product that has a price to a given up-person or client.

Production is the manner of creating, harvesting, or creating something or the amount of something that was made or harvested. An example of production is the introduction of fixtures. An example of production is harvesting corn to consume. An instance of production is the quantity of corn produced.

There are three commonplace forms of fundamental production systems: the batch system, the non-stop gadget, and the assignment system. inside the batch gadget, popular-motive systems and strategies are used to provide small quantities of output (goods or services) with specs that change substantially from one batch to the following.

Learn more about production here: brainly.com/question/16755022

#SPJ9

8 0
1 year ago
What scenario would call for you to
Alex

Answer:

A.you have plenty of cash flow and are looking to grow with new equipment.

Explanation:

Sana makatulong po sainyo/ihope it helps for you

5 0
3 years ago
3. Imagine that you are a nonsmoker sharing a room with a smoker. According to the Coase theorem, what determines whether your r
Sauron [17]

Answer:

See the explanation below.

Explanation:

Coase theorem states that it is possible for private parties to solve the problems of externalities with involving a third party it is costless for them to bargain over resource allocation.

Given this description, we can now answer the question as follows:

a.  What determines whether your roommate smokes in the room?

Based on the above, the smoker and non-smoker will bargain over whether it is possible for the smoker to continue smoking in the room based on the value of the choice of each party.

If the value placed on clean air by the nonsomker is greater than the value the smoker placed on smoking, the bargain will result in stopping smoking by the smoker. But if the value placed on smoking by the smoker is greater than the value the nonsmoker placed on clean air, the bargain will result in the smoker continue to smoke in the room.

b. Is this outcome efficient?

This outcome is efficient as the bargaining process is costless or as long as no transaction costs prohibit them from reaching an agreement.

c. How do you and your roommate reach this solution?

It is possible to reach this solution either by the non-smoker paying off the smoker to stop smoking, or the smoker paying off the non-smoking roommate to continue smoking.

6 0
3 years ago
The materials requisition is used to a.release materials from the storeroom to the factory b.record the acquisition of materials
Sliva [168]

Answer:

a. release materials from the storeroom to the factory

Explanation:

A materials requisition is a common document in materials management. It is sent by the production department in order to request a certain amount of materials from storage to the manufacturing process. It is an important part of accounting documentation as bookkeepers need to see how much raw material was used in the manufacturing process.

7 0
3 years ago
Other questions:
  • Show the changes to the t-accounts for the federal reserve and for commercial banks when the federal reserve buys $50 million in
    7·1 answer
  • Suppose that corn farmers want to increase their total revenue. Knowing that the demand for corn is inelastic, corn farmers shou
    9·1 answer
  • Which type of bank account is most likely to pay you interest on the money in the account?
    12·1 answer
  • Which of the following documents will a bank issue in order to secure a loan with your personal assets?
    8·1 answer
  • Mattel Inc.’s 2016 financial statements show operating profit before interest and tax of $519,233 thousand, net income of $318,0
    11·1 answer
  • Kraft Foods, which makes and distributes grocery products, uses online recruiting for sales personnel. On its website, Kraft say
    7·2 answers
  • Consider the production possibilities frontier model for an economy that produces only two goods: barley and cars.
    14·1 answer
  • Hey I need help with these True/False
    14·1 answer
  • Suppose that you run a house-painting company and currently have 2 workers painting a total of 4 houses per month. If you hire a
    5·1 answer
  • Please help :( Marking brainly :D The money that a company has to pay its suppliers is called net profit.
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!