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 86 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
YES! Correct, THANKS for helping me on my review


samiel-sayed

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Excellent

 

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

For a complete list of videos, visit our video library