choice question In a partial equilibrium model A. All variables are endogenous B

Question

choice question

In a partial equilibrium model
A. All variables are endogenous
B. All equations are solved simultaneously
C. Both factor and product markets are modeled together
D. All of the above
E. None of the above

Suppose the function f is strictly monotonic. Then
A. f must have an inverse
B. f must be strictly concave or strictly convex
C. f must be continuous
D. All of the above
E. None of the above

Suppose f (x) =1+3x+2x^2 . Then
A. The derivative of f is increasing in x
B. f is strictly convex
C. The average rate of change of f increases in x
D. All of the above
E. None of the above

Explanation / Answer

B. All equations are solved simultaneously

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