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An economic model A- does not have restrictive assumptions B- relies heavily on simplifying assumptions C- lacks essential features of a situation D- completely and
An economic model
A- does not have restrictive assumptions
B- relies heavily on simplifying assumptions
C- lacks essential features of a situation
D- completely and perfectly describes the situation it considers
Value of marginal product or labor refers to?
A. the fact that higher real prices increases employment
B. VMPN-P*MPN
C. the price of the worker 5 output
D. the productivity or workers
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