It is useful to assume that there is a single representative consumer because

Ao9

wrote...

Go to Answer

Posts: 1908

Rep:

8 years ago

It is useful to assume that there is a single representative consumer because

It is useful to assume that there is a single representative consumer because
A) this is the only model we know how to work with.
B) a model with one consumer is the same as one with many consumers.
C) this is realistic.
D) this is a useful abstraction if we are interested in problems where distribution effects are not important.

Textbook

Macroeconomics

Edition: 5^th

Author: Williamson

Read 293 times

3 Replies

Report

Replies

Answer verified by a subject expert

Gordis

wrote...

Related Topics

Ao9 Author

wrote...

8 years ago

Solved!!

Report

Gordis

wrote...

8 years ago

Please mark it solved once you get a chance.

Report

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

1107 People Browsing

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Live Chat

Related Images

2401

188

282

Your Opinion

Previous poll results: Who will win the 2024 president election?

The Toxic Skin and Fungi Defense

It's sore throat season, why does my mucus have red spots?

Courses by Biology Forums

Strange Ingredients Lurking in Doritos Chips

Bonobos, Chimpanzees, and the 98% DNA Link

Ready to ask a question on Biology Forums? Try it out

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.