The implicit cost of ownership:
A) is a cognitive bias if it goes ignored.
B) leads people to value things more once they possess them.
C) is a nonmonetary opportunity cost that is often overlooked.
D) All of these are correct.
Correct Answer:
Verified
Q59: People consistently consider sunk costs when weighing
Q60: Which of the following is an example
Q61: People who force themselves to eat everything
Q62: Carla is deciding whether to go to
Q63: Economists believe that people who sit through
Q65: Behavioral economists believe that the less obvious
Q66: Jasmine is trying to decide what to
Q67: People are especially prone to undervaluing opportunity
Q68: Priya is ice skating with her friends
Q69: Carlos has been invited to go skiing
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents