Author Question: A derivative is any financial instrument whose value depends on the: a. extent of asset ... (Read 52 times)

Bernana · **on:** Jun 30, 2018

A derivative is any financial instrument whose value depends on the:
a. extent of asset diversification.
b. expected rate of inflation.
c. purchasing power of the people.
d. value of an underlying asset.

Question 2

If average variable costs fall, marginal costs must be less than average variable costs.
Indicate whether the statement is true or false