The profit a seller makes at auction is a function of all of the following except:

Remainders and remnants are two types of future interests

Indicate whether the statement is true or false

Flexibility should be valued by taking into account uncertainty in demand and economic factors. In general, flexibility will tend to

A) decrease in value with a decrease in certainty. B) increase in value with an increase in uncertainty. C) decrease in value with an increase in uncertainty. D) increase in value with an increase in certainty.