Author Question: Researchers who make judgements in their experiments based on what is salient rather than on actual ... (Read 82 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?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

For a complete list of videos, visit our video library