A(n) ________ relates each possible outcome to its probability of ...

[kamilo84]

A(n) ________ relates each possible outcome to its probability of occurrence.
 
  A) probability distribution
  B) frequency
  C) expected value
  D) coin toss

Question 2

If capital is fixed, but a firm varies labor
 
  A) the firm stays on the same isoquant.
  B) the firm moves to a new isoquant.
  C) the firm might move to a new isoquant, depending on how much labor is added.
  D) the firm's output will be dependent on the marginal rate of technical substitution.

[wergv]

Answer to Question 1

A

Answer to Question 2

B

[kamilo84]

Thank you

[wergv]

No problemo