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Author Question: Under a cost plus fixed fee contract the contractor cannot make a loss. a. True b. ... (Read 46 times)

CharlieWard

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Under a cost plus fixed fee contract the contractor cannot make a loss.
 
  a. True b. False

Question 2

The short-run price elasticity of demand for refrigerators is relatively inelastic.
 
  Indicate whether the statement is true or false



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itsakadoozi

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Answer to Question 1

a

Answer to Question 2

False. People can put off buying a refrigerator in the short run. Therefore demand is elastic in the short run.




CharlieWard

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Reply 2 on: Jul 1, 2018
:D TYSM


Dinolord

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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