In a barter economy with four products, there are ____ unique relative prices. Question 35Select one: a. 4 b. 6 c. 8 d. 12 e. 16
Added by Wendy A.
Step 1
This can be done using the combination formula: C(n, 2) = n! / [2!(n-2)!], where n is the number of products. In this case, n = 4, so C(4, 2) = 4! / [2!(4-2)!] = 6. Show more…
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