This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following abilities should an economic model possess? a. It should lower the time cost ... (Read 22 times)

big1devin

  • Hero Member
  • *****
  • Posts: 583
on: Jun 30, 2018
Which of the following abilities should an economic model possess?
 a. It should lower the time cost of information collection.
  b. It should help individuals to discern the information that matters for a problem.
  c. It should be able to process both untrue or impossible to verify information as well as correct information in the data set.
  d. It should suggest accurate solutions for a problem.

Question 2

If a good is free, a rational consumer will continue to consume that good, irrespective of its marginal utility.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

chreslie

  • Sr. Member
  • ****
  • Posts: 307
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

False


big1devin

  • Member
  • Posts: 583
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

LegendaryAnswers

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Median Annual Earnings of Full-Time Workers, by Gender, 1960–2010 Median Annual Earnings of Full-Time Workers, by Gender, 1960–2010
Radiation Side Effects, Healing Time, and Intervention Radiation Side Effects, Healing Time, and Intervention
Insecticide application over time Insecticide application over time
Steady State in the Two-Country Model Steady State in the Two-Country Model
economic question economic question
economic question economic question
Video: Polysaccharides

For a complete list of videos, visit our video library