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LuckyWell [14K]
3 years ago
8

Alan krueger conducted a survey of fans at the 2001 super bowl who purchased tickets to the game for​ $325 or​ $400. krueger fou

nd that​ (a) 94 percent of those surveyed would not have paid​ $3,000 for their​ tickets, and​ (b) 92 percent of those surveyed would not have sold their tickets for​ $3,000. these results are evidence of
Business
1 answer:
Gekata [30.6K]3 years ago
5 0
These results are evidence of "<span>the endowment effect".</span>

The endowment effect<span>, in behavioral finance<span>, portrays a situation in which an individual qualities something that they officially possess more than something that they don't yet claim. Studies have indicated over and again that individuals will esteem something that they effectively claim more to a comparable thing they don't possess. It doesn't make a difference if the thing being referred to was bought or gotten as a gift, the impact still stays.</span></span>

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Is W. L. Gore a mechanistic or an organic organization? Support your answer with examples from the case
Jet001 [13]

W. L. Gore has nearly 10,000 employees and more than $3 billion in annual revenues, but, as noted earlier, uses an extremely organic organizational structure. Employees have no bosses, participate on teams, and often create roles for themselves to fill functional gaps within the company.

4 0
2 years ago
A buyer has a 30-year, $400,000 loan with a 7% interest rate. How much of the first month's mortgage payment is interest
Juli2301 [7.4K]

The portion of the first month's mortgage payment meant for interest is $2,333.33

What is a mortgage?

Mortgage is a loan taken to acquire property which requires periodic interest payment such as monthly , semiannually or even annually.

First month interest=loan amount*annual interest rate/12

First month interest=$400,000*7%/12

First month interest=$2,333.33

Find further explanation on mortgage interest below:

brainly.com/question/1115815

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4 0
2 years ago
Read 2 more answers
On May 1, Anders Company purchased merchandise in the amount of $5,800 from Shilling, with credit terms of 2/10, n/30. Anders us
Lera25 [3.4K]

Answer:

Option (b) is correct.

Explanation:

Given that

Amount of merchandise purchased = $5,800

Credit terms = 2/10 and n/10

Using a perpetual system and gross method,

Therefore, the Journal entry is as follows:

On May 1,

Merchandise inventory A/c Dr. $5,800

            To accounts payable                 $5,800

(To record the purchase of merchandise on account at May 1)

4 0
3 years ago
How should sbs classify the spare parts that it expects to use within one year — as inventory or as a prepaid/other current asse
ahrayia [7]
Sbs could do it by starting to find out each functions of the spare parts.
If the spare parts is resided to be a part of the product, it should be classified as inventory.
IF the spare parts is resided for people who want to redeem warranty, it shold be classified as prepaid.
If the spare parts is part of research and development it should be classified as other assets.
8 0
3 years ago
Scenario: mario wants a job working with cars. he knows a lot about certain kinds of cars, and enjoyed his high school class on
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C). <span>a two-year vocational school program in automotive repair</span>
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3 years ago
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