In a business class experiment on the endowment effect, theo is comparing the value of a coffee mug to someone who owns it and is selling it to someone who is buying it. the endowment effect describes the tendency of sellers to value something they own more than buyers do. participants are randomly assigned to be buyers or sellers of a mug with their first name on it. buyers select the maximum price they would pay for the mug. sellers select the minimum price they would accept for the mug. how does theo control for selection effects?

Your goal is to have $2,000,000. you have a total of $40,000 today. you invest the $40,000 and want to add to it each month. at 10% annual interest, how much do you need to invest each month in order to bring the total up to $2,000,000 30 years from now?

Cool beans is a locally owned coffee shop that competes with two large coffee chains, planeteuro and frothies. alicia, the owner, hired two students to count the number of customers that entered each of the coffee shops to estimate what percent of people who are interested in coffee are visiting each shop. after a week, the students found the following results: 589 visited cool beans, 839 visited planeteuro, and 1,290 visited frothies. the students were surprised that cool beans had 139 visits on monday which represented 59% of all people who visited one of the three coffee shops on mondays. how many people visited one of the three coffee shops during the week?

What has caroline's payment history been like? support your answer with two examples