EBK PRINCIPLES OF MICROECONOMICS
EBK PRINCIPLES OF MICROECONOMICS
7th Edition
ISBN: 9781305892811
Author: Mankiw
Publisher: CENGAGE LEARNING - CONSIGNMENT
Question
Book Icon
Chapter 2, Problem 2QR
To determine

The reason for making assumptions.

Blurred answer
02:08
Students have asked these similar questions
Why is it important for us to use models when studying economics?
In what ways is economics a science and why do economists make assumptions?
Why must economic theories and models be abstract?
Knowledge Booster
Background pattern image
Recommended textbooks for you
Text book image
Macroeconomics
Economics
ISBN:9781337617390
Author:Roger A. Arnold
Publisher:Cengage Learning
Text book image
Economics (MindTap Course List)
Economics
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Cengage Learning
Text book image
Microeconomics
Economics
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Cengage Learning