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Author Question: Which of the following abilities should an economic model possess? a. It should lower the time cost ... (Read 58 times)

big1devin

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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


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chreslie

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

False


big1devin

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

xoxo123

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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