Question: 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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