According to behavioral economists, why might consumers or businesses not act rationally?People might not act rationally because theyA.are too realistic about their future behavior.В.ignore sunk costsignore sunk costs.C.ignore nonmonetary opportunity costsignore nonmonetary opportunity costs.D.experience no endowment effect.E.account for monetary costs.

Economics is a branch of social science that describes and analyzes the behaviors and decisions…

According to behavioral economists, why might consumers or businesses not act rationally? People might not act rationally because they A are too realistic about their future behavior. B. ignore sunk costsignore sunk costs. ignore nonmonetary opportunity costsignore nonmonetary opportunity costs. D. experience no endowment effect. E account for monetary costs.

According to behavioral economists, why might consumers or businesses not act rationally? People might not act rationally because they A are too realistic about their future behavior. B. ignore sunk costsignore sunk costs. ignore nonmonetary opportunity costsignore nonmonetary opportunity costs. D. experience no endowment effect. E account for monetary costs.

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter3: Preferences And Utility

Section: Chapter Questions

Problem 3.9P

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