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Author Question: If a model's predictions are correct, then A) its assumptions must have been correct. B) it is ... (Read 175 times)

fagboi

  • Hero Member
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  • Posts: 535
on: Jul 1, 2018
If a model's predictions are correct, then
 
  A) its assumptions must have been correct.
  B) it is proven to be correct.
  C) Both A and B above.
  D) None of the above.

Question 2

If a monopoly can advertise and as a result the demand curve will become more inelastic, the monopoly
 
  A) should always engage in the advertising.
  B) should engage in the advertising until the demand curve becomes more elastic.
  C) will earn higher gross profit if it advertises.
  D) None of the above.


aprice35067

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

D

Answer to Question 2

C


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