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[Practice problem solution provided.]

While the following argument may sound plausible initially, give a particular situation where the conclusion doesn't hold (eventhough the premises do). Then, in a sentence or two, sketch why your counterexamplemay still represent rational behavior by pointing out a real-worldsubtlety that the initial argument ignored.

  1. If a certain outfit meets a dress code, then per force all less-revealing outfits also meet that dress code.

  2. In public transportation projects, out of two alternatives,the cheaper one which gets the job done is the better choice.

  1. It can be socially acceptable to wear my swimsuit into a fast-food restaurant.My underwear is less revealing than my swimsuit, and yet it would still raise many more eyebrows to go to thatrestaurant in my underwear, than my swimsuit.

    Clothes (and style in general) somehow encompass a form of communication,and people may object to an outfit's mood or message without actually objecting to how much the outfit reveals.(Other examples of communication-through-style include team logos, t-shirts with humorous slogans,and arm bands.)

  2. Buses are a lot cheaper than light rail. Yet, the light-rail here in Houston demonstrates that many peoplewho wouldn't routinely take a bus are willing to take light rail. (Only after we recognize this, can we try tofigure out what why the difference exists, and then brainstorm to find a better overall solution.)

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Choose just one of the following informal arguments. While the argument sounds plausible initially,give a particular situation where the conclusion doesn't hold (even though the premises do).Then, briefly state why your counterexample may still represent rational behavior by pointing out a real-worldsubtlety that the initial argument ignored.

  1. [cell phone] Talking on a cell phone while drivingincreases the likelihood of an accident. Interestingly, hands-free phones do not significantly help . It's just the distraction of a phone conversationthat causes the problem.

  2. [equivalent products] If two companies offer two materially equivalent products,then most everybody will buy the cheaper one.

  3. [service] In a free market,if a company doesn't offer good service, individual customers will become fed up and take their businesselsewhere.

  4. [web browser] If there are two versions of a free web browser,and they run equally quickly, users will use the one with better features/interface.

  5. [door-locking] Anybody who really wants to break into your house while you're gonewill be able to. (For instance, using a towel to muffle sound,break the corner of a back window, reach in and unlatch the window, and climb through.)So there's no point in locking your front door.

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[Practice problem solution provided.]

Let p , q , and r be the following propositions:

  • p : You get an A on the final exam
  • q : You do every exercise in the book.
  • r : You get an A in this class.
Write the following formulas using p , q , and r and logical connectives.

  1. You get an A in this class, but you do not do every exercise in the book.

  2. To get an A in this class, it is necessary for you to get an A on the final.

  3. Getting an A on the final and doing every exercise in the book is sufficient for getting an A in this class.

  1. r q

  2. r p

    Think of the English being reworded to

    If you got an A in this class,you must have gotten an A on the final.

  3. p q r

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Questions & Answers

What is inflation
Bright Reply
a general and ongoing rise in the level of prices in an economy
AI-Robot
What are the factors that affect demand for a commodity
Florence Reply
price
Kenu
differentiate between demand and supply giving examples
Lambiv Reply
differentiated between demand and supply using examples
Lambiv
what is labour ?
Lambiv
how will I do?
Venny Reply
how is the graph works?I don't fully understand
Rezat Reply
information
Eliyee
devaluation
Eliyee
t
WARKISA
hi guys good evening to all
Lambiv
multiple choice question
Aster Reply
appreciation
Eliyee
explain perfect market
Lindiwe Reply
In economics, a perfect market refers to a theoretical construct where all participants have perfect information, goods are homogenous, there are no barriers to entry or exit, and prices are determined solely by supply and demand. It's an idealized model used for analysis,
Ezea
What is ceteris paribus?
Shukri Reply
other things being equal
AI-Robot
When MP₁ becomes negative, TP start to decline. Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of lab
Kelo
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of labour (APL) and marginal product of labour (MPL)
Kelo
yes,thank you
Shukri
Can I ask you other question?
Shukri
what is monopoly mean?
Habtamu Reply
What is different between quantity demand and demand?
Shukri Reply
Quantity demanded refers to the specific amount of a good or service that consumers are willing and able to purchase at a give price and within a specific time period. Demand, on the other hand, is a broader concept that encompasses the entire relationship between price and quantity demanded
Ezea
ok
Shukri
how do you save a country economic situation when it's falling apart
Lilia Reply
what is the difference between economic growth and development
Fiker Reply
Economic growth as an increase in the production and consumption of goods and services within an economy.but Economic development as a broader concept that encompasses not only economic growth but also social & human well being.
Shukri
production function means
Jabir
What do you think is more important to focus on when considering inequality ?
Abdisa Reply
any question about economics?
Awais Reply
sir...I just want to ask one question... Define the term contract curve? if you are free please help me to find this answer 🙏
Asui
it is a curve that we get after connecting the pareto optimal combinations of two consumers after their mutually beneficial trade offs
Awais
thank you so much 👍 sir
Asui
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities, where neither p
Cornelius
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities,
Cornelius
Suppose a consumer consuming two commodities X and Y has The following utility function u=X0.4 Y0.6. If the price of the X and Y are 2 and 3 respectively and income Constraint is birr 50. A,Calculate quantities of x and y which maximize utility. B,Calculate value of Lagrange multiplier. C,Calculate quantities of X and Y consumed with a given price. D,alculate optimum level of output .
Feyisa Reply
Answer
Feyisa
c
Jabir
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Source:  OpenStax, Intro to logic. OpenStax CNX. Jan 29, 2008 Download for free at http://cnx.org/content/col10154/1.20
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