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Author Question: Under a cost plus fixed fee contract the contractor cannot make a loss. a. True b. ... (Read 48 times)

CharlieWard

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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


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itsakadoozi

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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.


CharlieWard

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

peter

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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