Author Question: The cost-output elasticity can be written and calculated as A) MC/AC. B) AC/MC. C) (AC)(MC). ... (Read 92 times)

evelyn o bentley

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The cost-output elasticity can be written and calculated as
 
  A) MC/AC.
  B) AC/MC.
  C) (AC)(MC).
  D) (AC)2(MC).
  E) (AC)(MC)2.

Question 2

We may not be able to fully remove risk by diversification if:
 
  A) a completely risk-free asset does not exist.
  B) the asset returns in our portfolio are positively correlated.
  C) buying stock on margin is not allowed by financial regulators.
  D) none of the above



Dinolord

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Answer to Question 1

A

Answer to Question 2

B



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