Ceteris paribus means "Let the buyer beware."
Indicate whether the statement is true or false
FALSE
Economics
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Available evidence about price adjustments across U.S. industries indicates that
A) prices are very sticky in all industries. B) prices are equally flexible in all industries. C) prices are very flexible in all industries. D) there is considerable variation in price flexibility across industries.
Economics
In the above table, what is the marginal factor cost of the 4th worker?
A) $16 B) $30 C) $64 D) $22
Economics