Which of the following statement(s) are true regarding the advantages of mathematical modeling?
A) Models accurately represent reality.
B) Models can help decision makers formulate problems.
C) Models can save time.
D) Models may be the only way to solve some large and complex problems in a timely manner.
E) All of the above
E
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A) benefit B) exchange C) value D) need E) utility
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What will be an ideal response?
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Indicate whether the statement is true or false