Which of the following is NOT a commitment device?   Select one:   a. A non-refundable advance payment to reserve a room at a resort.   b. A manufacturer's 2-year agreement to fix, at no cost to you, anything that breaks on your computer.   c. A pre-nuptial agreement that provides for a large penalty in the event a spouse has an affair.   d. High fines for illegal parking on campus.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Which of the following is NOT a commitment device?

 

Select one:

 

a. A non-refundable advance payment to reserve a room at a resort.

 

b. A manufacturer's 2-year agreement to fix, at no cost to you, anything that breaks on your computer.

 

c. A pre-nuptial agreement that provides for a large penalty in the event a spouse has an affair.

 

d. High fines for illegal parking on campus.

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