« previous next »

Author Question: An economic model includes A) only normative statements. B) no use of marginal concepts. C) all ... (Read 51 times)

jlmhmf

  • Hero Member
  • *****
  • Posts: 552
on: Jun 29, 2018
An economic model includes
 
  A) only normative statements.
  B) no use of marginal concepts.
  C) all known details in order to increase its accuracy.
  D) only details considered essential.

Question 2

Which of the following is true of a first-price sealed-bid auction?
 
  A) Bidders directly compete with each other.
  B) Bidders place their bids simultaneously.
  C) Bidders know each other's bids.
  D) Bidders always bid below their willingness to pay.


polinasid

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

A model of anxiety in which stressful events or a changing mental condition can produce unfavorable A model of anxiety in which stressful events or a changing mental condition can produce unfavorable
The Biopsychosocial Model The Biopsychosocial Model
Economic Development Economic Development
Strand displacement model for mitochondrial DNA replication Strand displacement model for mitochondrial DNA replication
economic question economic question
economic question economic question
Video: The life cycle of protein

For a complete list of videos, visit our video library