In modern economies:
A. all prices are very flexible.
B. some prices are very flexible while others are not.
C. no prices are very flexible.
D. prices become less flexible as they increase.
Answer: B
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a. True b. False Indicate whether the statement is true or false
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Indicate whether the statement is true or false
Refer to Scenario 7.8 below to answer the question(s) that follow. SCENARIO 7.8: A swimming pool cleaning company has the following production possibilities. With one, two, three, and four workers, the company can clean 5, 12, 17, and 20 pools per day, respectively. Refer to Scenario 7.8. The average product of labor with four workers is
A. 3. B. 3.3. C. 5. D. 13.5.