Answer each question with 2 in text citations and 2 references with page numbers, and at least 250 words. 1.The textbook refers to a study of odd pricing, the results of which were termed inconclusi
Consider how an economic model can be viewed as a simplified description of reality, designed to yield hypotheses about economic behavior that can be
Consider how an economic model can be viewed as a simplified description of reality, designed to yield hypotheses about economic behavior that can be tested. In essence, a simulation. Hence, one important element of an economic model is that it is necessarily subjective in design because there are no objective