By using the ceteris paribus assumption in conjunction with a model, economists can
A) suspend the rationality assumption.
B) avoid having their model depend on any additional assumptions.
C) hold certain factors constant.
D) be sure that the model will predict correctly.
Answer: C
Economics
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A) electoral college B) time-inconsistency problem C) Watergate scandal D) political business cycle
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Average fixed cost is measured by
a. AVC + ATC b. TFC/TC c. AVC – ATC d. TFC/Q e. TC – VC
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