Author Question: Under a cost plus fixed fee contract the contractor cannot make a loss. a. True b. ... (Read 27 times)

CharlieWard · **on:** Jul 1, 2018

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

itsakadoozi · **Reply #1 on:** Jul 1, 2018

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.