Reasoning from "Man Who" Arguments Is Usually Inappropriate Because Generalizing

question 19

Multiple Choice

Reasoning from "man who" arguments is usually inappropriate because generalizing from a single case is justified only

• A) for heterogeneous categories.
• B) when the sample size is adequate.
• C) when the base rates are unknown.
• D) for truly homogeneous categories.

---

Definitions:

Perfect Competition

A market structure characterized by a large number of small firms, identical products, and free entry and exit, leading to price-takers.

Marginal Revenue Product

The extra revenue generated from employing one additional unit of a resource.

Marginal Cost

The additional cost incurred by producing one more unit of a product, which can vary depending on the level of production.

Pareto Efficient

A distribution of resources where improving the situation of one person cannot be achieved without detriment to another.