Which of the following situations represents an effect of hindsight bias?A)Jerry rode his bike instead of taking his car to work, then told a co-worker that he had biked in because he knew there would be a car accident holding up traffic along his route. B)Beckyregretted going camping last weekend after she got caught in the rain and said that she would not have gone if she had heard the weather forecast. C)Gregory took his car to a shop for repairs, then refused to use that shop again when the repair failed to last. D)Danielle bought shares of stock that lost a great deal of value, but she refuses to sell them, hoping that they will recover and restore her investment.

Upscale hotels in the united states recently cut their prices by 20 percent in an effort to bolster dwindling occupancy rates among business travelers. a survey performed by a major research organization indicated that businesses are wary of current economic conditions and are now resorting to electronic media, such as the internet and the telephone, to transact business. assume a company's budget permits it to spend $5,000 per month on either business travel or electronic media to transact business. graphically illustrate how a 20 percent decline in the price of business travel would impact this company's budget set if the price of business travel was initially $1,000 per trip and the price of electronic media was $500 per hour. suppose that, after the price of business travel drops, the company issues a report indicating that its marginal rate of substitution between electronic media and business travel is 1. is the company allocating resources efficiently? explain.

Joe finally found a house for sale that he liked. which factor could increase the price of the house he likes? a. both he and the seller each have a real estate agent. b. a home inspector finds faulty wiring in the house. c. the house has been for sale for almost a year. d. several buyers all want that same house.

Adisadvantage of corporations is that shareholders have to pay on profits.