Author Question: The variance of an investment opportunity: A) cannot be negative. B) has the same unit of ... (Read 117 times)

Medesa · **on:** Jul 1, 2018

The variance of an investment opportunity:

A) cannot be negative.
B) has the same unit of measure as the variable from which it is derived.
C) is a measure of central tendency.
D) is unrelated to the standard deviation.

Question 2

A consumer has 100 per day to spend on product A, which has a unit price of 7, and product B, which has a unit price of 15. What is the slope of the budget line if good A is on the horizontal axis and good B is on the vertical axis?

A) -7/15
B) -7/100
C) -15/7
D) 7/15