This topic contains a solution. Click here to go to the answer

Author Question: Which of the following is an example of the gambler's fallacy? a. If you flip a coin six times and ... (Read 42 times)

armygirl

  • Hero Member
  • *****
  • Posts: 556
Which of the following is an example of the gambler's fallacy?
 a. If you flip a coin six times and it comes up heads each time, when you flip for the seventh time the odds are better that it will come up tails.
  b. People think that housing prices will continue to rise because they have continually risen over the past 10 years.
  c. If I send my resume to enough employers, the law of averages says that someone will eventually hire me.
 d. all of the above

Question 2

If a dollar spent on capital yields less marginal revenue product than labor, the profit of the firm is reduced if it hires less capital than labor.
 a. True
  b. False
  Indicate whether the statement is true or false



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

gcook

  • Sr. Member
  • ****
  • Posts: 343
Answer to Question 1

d

Answer to Question 2

False




armygirl

  • Member
  • Posts: 556
Reply 2 on: Jun 30, 2018
:D TYSM


LVPMS

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

For a complete list of videos, visit our video library