This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Refer to Scenario 5.1. The probabilities discussed in the information above are A) objective ... (Read 120 times)

Medesa

  • Hero Member
  • *****
  • Posts: 507
on: Jul 1, 2018
Refer to Scenario 5.1. The probabilities discussed in the information above are
 
  A) objective because they are single numbers rather than ranges.
  B) objective because they have been explicitly articulated by the individuals involved.
  C) objective because the event hasn't happened yet.
  D) subjective because the event hasn't happened yet.
  E) subjective because they are estimates made by individuals based upon personal judgment or experience.

Question 2

Refer to Figure 3.2. At any consumption bundle with the quantity of good X exceeding the quantity of good Y (that is, a bundle located below the 45 degree line, like point A), Alvin's marginal rate of substitution of good X for good Y is
 
  A) diminishing.
  B) positive.
  C) constant and positive.
  D) zero.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

SVictor

  • Sr. Member
  • ****
  • Posts: 365
Reply #1 on: Jul 1, 2018
Answer to Question 1

E

Answer to Question 2

D


Medesa

  • Member
  • Posts: 507
Reply 2 on: Jul 1, 2018
Excellent

shewald78

  • Member
  • Posts: 340
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Ethics in social research are of vital concern to sociologists. As discussed in the text, ... Ethics in social research are of vital concern to sociologists. As discussed in the text, ...
Older participants remember more information than younger participants when material has emotional ... Older participants remember more information than younger participants when material has emotional ...
The vehicle emissions control information (VECI) sticker is placed under the hood. The vehicle emissions control information (VECI) sticker is placed under the hood.
The five skills of the element Collection of Information The five skills of the element Collection of Information
The flow of genetic information The flow of genetic information
Simplified diagram of information flow (the central dogma) from DNA to RNA Simplified diagram of information flow (the central dogma) from DNA to RNA
Video: Second Messengers in the Inositol-lipid Signaling Pathway

For a complete list of videos, visit our video library