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Author Question: A microeconomic model CANNOT be used to A) evaluate the impact of a price change on a firm's ... (Read 23 times)

EAugust

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A microeconomic model CANNOT be used to
 
  A) evaluate the impact of a price change on a firm's revenue.
  B) predict the impact of an increase in the minimum wage on unemployment.
  C) evaluate the fairness of a proposal to nationalize health insurance.
  D) evaluate the effect of an increase in stadium size on the price of a sport team's tickets.

Question 2

Microeconomic models are used to
 
  A) make predictions.
  B) explain real-life phenomena.
  C) evaluate policy alternatives.
  D) All of the above.


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Beatricemm

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EAugust

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Reply 2 on: Jul 1, 2018
Gracias!


chereeb

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Reply 3 on: Yesterday
:D TYSM

 

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