Author Question: Economists often take their first shot at a business problem by assuming that relevant information ... (Read 89 times)

ts19998 · **on:** Jun 30, 2018

Economists often take their first shot at a business problem by assuming that relevant information is available:
a. along with a model to help them produce a valid conclusion.
b. using which a model has to be created.
c. but a sample test has to be performed to detect its quality.
d. but the consequences of using them in a model is uncertain.

Question 2

Which of the following will most likely happen when a person's income increases, other things equal?
a. The budget line will shift outward
b. The budget line will become steeper
c. The budget line will become flatter
d. The indifference curves will shift outward
e. The indifference curves will shift downward

xMRAZ · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

A

Answer to Question 2

a

ts19998 · **Reply #2 on:** Jun 30, 2018

Correct answers!

xMRAZ · **Reply #3 on:** Jun 30, 2018

Great! Please up vote

Author Question: Economists often take their first shot at a business problem by assuming that relevant information ... (Read 89 times)

ts19998

Economists often take their first shot at a business problem by assuming that relevant information ...

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xMRAZ

Economists often take their first shot at a business problem by assuming that relevant information ...

ts19998

Economists often take their first shot at a business problem by assuming that relevant information ...

xMRAZ

Economists often take their first shot at a business problem by assuming that relevant information ...