which of the following statements regarding dynamic pricing iscorrect?

Question

which of the following statements regarding dynamic pricing iscorrect? on a 100-acre farm, a farmer is able to produce 3,000 bushels of wheat when he hires 2 workers. he is able to produce 4,400 bushels of wheat when he hires 3 workers. which of the following possibilities is consistent with the property of diminishing margi if the supply of pencils, a substitute for pens, increases, what will happen to the equilibrium price of pencils and to the equilibrium price of pens?

Expert · Accepted Answer

1) The decision of which assumptions to make is    A.   Usually regarded as an art in scientific thinking.    B.   Not a particularly important decision for an economist.   C.   Usually regarded as the easiest part of the scientific method.    D.   An easy decision for an economist, but a difficult decision for a physicist or a chemist.    2) Economic models     A. Must incorporate all aspects of the economy if those models are to be useful.   B.   Were once thought to be useful, but that is no longer true.    C.   Can be useful, even if they are not particularly realistic.   D.   Cannot be useful if they are based on false assumptions    3) When studying the effects of public policy changes, economists    A.   Always refrain from making

which of the following statements regarding dynamic pricing iscorrect?

which of the following statements regarding dynamic pricing iscorrect?
Description

School: California State University - Dominguez Hills

Term:

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Cost: 50

Name: ECO 212 Week 5 Final Examination

Description: ECO 212 Week 5 Final Examination

Uploaded: 11/16/2015

which of the following statements regarding dynamic pricing iscorrect?

which of the following statements regarding dynamic pricing iscorrect? Description

School: California State University - Dominguez Hills

Term:

Tags:

Cost: 50

Name: ECO 212 Week 5 Final Examination

Description: ECO 212 Week 5 Final Examination

Uploaded: 11/16/2015

which of the following statements regarding dynamic pricing iscorrect?
Description