Ask Question
BusinessBusiness
24 July, 10:44

In building a model to analyze economic situations, one of the important assumptions is

+3
Answers (1)
  1. 24 July, 12:50
    0
    In having to build a model in analyzing economic situations, the most important assumption is the ceteris paribus. The ceteris paribus means that it is having things in equal and where conditions should always remain the same. It is important as it is a way of having to show balance.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “In building a model to analyze economic situations, one of the important assumptions is ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Mary contracted to buy 100 table lamps. under the terms of the agreement, mary is to pay for the lamps upon delivery. this is an example of:
Answers (1)
The production and inventory strategy that best fits competitive priorities of delivery speed and variety is
Answers (1)
Mamma's Diner was a small restaurant that was a popular hangout for many Bedford College students, but because of the owner's inability to make the bathroom stalls handicapped accessible for the one wheel-chair student on campus, it was forced to
Answers (1)
At January 1, 2021, Brainard Industries, Inc., owed Second BancCorp $28 million under a 10% note due December 31, 2023. Interest was paid last on December 31, 2019.
Answers (1)
Scenario 13-8 wanda owns a lemonade stand. she produces lemonade using five inputs: water, sugar, lemons, paper cups, and labor. her costs per glass are as follows: $0.01 for water, $0.02 for sugar, $0.03 for lemons, $0.02 for cups, and $0.
Answers (1)
New Questions in Business
What is Average cost
Answers (1)
FetchFun Inc. is currently an all-equity firm with 20 million shares outstanding and a stock price of $7.50 per share. FetchFun Inc. plans to announce that it will borrow $50 million and use the proceeds to repurchase shares. FetchFun Inc.
Answers (1)
What is the largest level of organization for the environment?
Answers (1)
An advantage of the prototype model in describing how we think about concepts is that
Answers (1)
Near the end of the eighteenth century, the dollar: a. was a nickname for the Spanish Peso. b. was more plentiful than any other coin. c. was customarily used to reckon accounts. d. All of the above are correct.
Answers (1)
Home » Business » In building a model to analyze economic situations, one of the important assumptions is
Sign Up Forgot Password?