Multiple Choice
A common mistake consumers commit when they make decisions is
A) They take into account nonmonetary opportunity costs but ignore monetary costs.
B) They are overly pessimistic about their future behaviour.
C) They fail to ignore sunk costs.
D) They sometimes value fairness too much.
Correct Answer:

Verified
Correct Answer:
Verified
Q141: Goods with upward-sloping demand curves are referred
Q142: Which of the following products are least
Q143: After getting an A on your economics
Q144: If Callum is consuming his utility maximising
Q145: A consumer maximises her total utility from
Q147: The endowment effect suggests that people<br>A)have a
Q225: Which of the following statements about utility
Q253: Giffen goods<br>A)are theoretical and have never been
Q282: Assume that Anne has $300 to spend
Q289: If total utility increases at a decreasing