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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.  

   

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Form utility is ________. 1. marketing's task in creating an offering that has value 2. production's task in creating an offerin
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Answer:

2. production's task in creating an offering that is desired by the market

Explanation:

Form Utility is one of the four types of economic utilities. The other three being Time, place and possession. Form utility refers to the product or service a producer offers his customer. It is the value seen by customers in finished product.

Form utility involves how well a product or service meets customer's needs. Production unit is tasked with creating a product that his desired by the market after the marketing unit have gathered relevant information about what the market or consumers demand or needs.

In summary, it is a simple utility that involves the creation of products that meets customer's needs.

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1. Consider the costs/harms and benefits of disclosing non-GAAP financial numbers. What value, if any, do you see in the use of
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The company may wish to disclose additional information based on non-GAAP measures. The benefit of this is often to the investors who may get additional and more detailed picture of company financial position.

The cost will be incurred to the company for the inclusion of additional information which is not mandatory legally. Company chooses to voluntary disclose more information to its investors.  

The harm could be to the company if the additional information provided by the company is misused by some people. They may get more information about company financial information which is confidential for its business growth.

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Many companies choose to go for non-GAAP disclosures which will lead more information about the company being made public. The additional informational released by the company may be harmful sometimes as the company is voluntarily releasing its some of confidential information.

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