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Author Question: The logical (and sometimes illogical) shortcuts that people derive from experience which economize ... (Read 35 times)

tsand2

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on: Jun 30, 2018
The logical (and sometimes illogical) shortcuts that people derive from experience which economize on their mental capabilities are called:
 a. irrationalities.
  b. heuristics.
  c. statistical errors.
  d. probabilities.

Question 2

Consumer equilibrium exists when the marginal utility per dollar of expenditure is the same for all goods and services.
 a. True
  b. False
  Indicate whether the statement is true or false


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kaykay69

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

True


tsand2

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

momolu

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Reply 3 on: Yesterday
Excellent

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