Multiple Choice
It is not uncommon for people to buy all the components for a computer and assemble them rather than purchase a fully assembled computer.What does this behavior demonstrate?
A) computers are easy to assemble
B) people are irrational
C) many people have the knowledge necessary to assemble computers
D) the total price of the computer components is less than the price of the computer
E) the total price of all the computer components plus the value of the person's time is less than the price of the computer
Correct Answer:

Verified
Correct Answer:
Verified
Q149: Suppose a company that produces mouthwash branches
Q150: In which of the following situations is
Q151: If the quality of an input is
Q152: If the minimum efficient scale in toaster
Q153: The tendency for the poorest risks to
Q155: If perfect competition existed everywhere, along with
Q156: Adverse selection is a situation in which<br>A)only
Q157: Which of the following would not be
Q158: The optimal searcher is likely to not
Q159: Exhibit 14-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 14-2