The logical (and sometimes illogical) shortcuts that people ...

[tsand2]

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

[kaykay69]

Answer to Question 1

B

Answer to Question 2

True

[tsand2]

Thanks for the timely response, appreciate it

[sultana.d]

Gracias!