Economics 1021A/B Chapter 10: Economics 1021A Chapter 10
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3 Feb 2014
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When jewelry stores ask you to put on the product, or car dealers refer to the prospective vehicle you are considering as "your car", what is this an example of ? Choose the BEST answer.
The Endowment Effect |
Time Inconsistency/Myopia |
Mental Accounting |
Framing Effects |
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Question 23.125 pts
Prospect Theory says that you...
Feel the same about losses and gains |
Cannot say anything, because prospect theory does not cover this topic |
Suffer from losses more than you enjoy equivalent gains |
Enjoy gains more than you suffer from equivalent losses |
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Question 33.125 pts
Which of the following is NOT an example of a nudge
Telling a customer that they must buy this health product if they want to lose 30 pounds and be healthier |
placing the healthy food snacks towards the front of the store where they are most visible |
marking the buttons you don't want users to select (although they technically can) in a grey color |
labelling the trash can as recycle and landfill |
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Question 43.125 pts
What kind of market structure is being used by the majority of companies in the mall
Monopolistic Competition |
Monopoly |
Pure Competition |
Oligopoly What is true of ALL Firms?
Flag this Question Question 73.125 pts If Price=$10 when Q=10, VC=$95, TC=$120, then what will the firm do?
|