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

Author Question: The logical (and sometimes illogical) shortcuts that people derive from experience which economize ... (Read 63 times)

tsand2

  • Hero Member
  • *****
  • Posts: 520
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



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kaykay69

  • Sr. Member
  • ****
  • Posts: 322
Answer to Question 1

B

Answer to Question 2

True




tsand2

  • Member
  • Posts: 520
Reply 2 on: Jun 30, 2018
Gracias!


ultraflyy23

  • Member
  • Posts: 312
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

For a complete list of videos, visit our video library