Hi

Kindly assist me with the brenchmark model

1.Select and researchoneof theassumptionsof thebenchmark model. Take into consideration, Step 3 below.

2.Click the linkabovethered arrowto open theDiscussiontool.

3.In a new thread:

a.Ellaborate on theassumptionof thebenchmark modelyou selected;

c.Explain, in detail, what thisassumption would mean in a real-life scenario- i.e. in a real market, with specific consumers, producers and factors of production. Go into as muchdetailas possible.