Author Question: Researchers who make judgements in their experiments based on what is salient rather than on actual ... (Read 71 times)

kshipps

  • Hero Member
  • *****
  • Posts: 571
Researchers who make judgements in their experiments based on what is salient rather than on actual probabilities err by using a representativeness heuristic.
  Indicate whether the statement is true or false

Question 2

The demand curve for a product slopes downward and to the right because:
 a. total utility decreases as more of the product is consumed.
  b. total utility derived from both, the product and its substitutes is the same.
  c. marginal utility of the product diminishes as more of the product is consumed.
  d. there are no substitutes for the product.
  e. when the price falls, the income effect causes consumers to buy less of the product.



LVPMS

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

F

Answer to Question 2

c



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

For a complete list of videos, visit our video library