Author Question: The logical (and sometimes illogical) shortcuts that people derive from experience which economize ... (Read 36 times)

tsand2 · **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