Why is the professors decision making consistent


Problem

Suppose your art history professor has a small personal art collection, including some works by a famous artist. She bought this artist's paintings at a modest price, before he became well known. One of the paintings is now worth $2 million. When you ask the professor whether she would buy it now for $2 million, she says she wouldn't. Is the professor's decision making consistent? Why or why not?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Why is the professors decision making consistent
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