Solved

Howie Just Bought a New Digital Camera to Replace His

Question 74

Multiple Choice

Howie just bought a new digital camera to replace his old one, which works perfectly fine and would sell on eBay for $100. The fact that Howie would not pay $100 for the old camera, yet he continues to let it sit unused his closet, is explained by:


A) the implicit cost of ownership bias.
B) the explicit cost of ownership bias.
C) the explicit cost of sales bias.
D) ignoring sunk costs.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents