Conditional probability of event A given that event B has already occurred is represented as the ratio between Pr[A and B] and Pr[B]
Indicate whether the statement is true or false
T
You might also like to view...
If the price of a hamburgers increases, the substitution effect works to
a. decrease the quantity of hamburgers supplied b. increase the number of hamburger buns demanded c. decrease the quantity of hamburgers demanded d. increase the number of hamburger buns supplied e. increase the quantity of hamburgers demanded
Privet property rights
What will be an ideal response?
A creditor of a corporation holds
a. bonds sold by the corporation. If the corporation experiences financial difficulties stock holders are paid before bond holders. b. bonds sold by the corporation. If the corporation experiences financial difficulties bond holders are paid before stock holders. c. stocks sold by the corporation. If the corporation experiences financial difficulties stock holders are paid before bond holders. d. stocks sold by the corporation. If the corporation experiences financial difficulties bond holders are paid before stock holders.
After the first unit, a monopolist's marginal revenue is less than the price it charges because to sell an additional unit it needs to lower its price.
Answer the following statement true (T) or false (F)