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Author Question: The weighted average of all possible outcomes of a project, with the probabilities of the outcomes ... (Read 69 times)

neverstopbelieb

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on: Jul 1, 2018
The weighted average of all possible outcomes of a project, with the probabilities of the outcomes used as weights, is known as the
 
  A) variance.
  B) standard deviation.
  C) expected value.
  D) coefficient of variation.

Question 2

You view tea and scones as perfect complements, and you prefer to consumer one cup of tea with one scone. Also, your indifference curves are plotted with tea on the vertical axis.
 
  If you presently have two cups of tea and one scone, what this the marginal rate of substitution (MRS) at this point? A) +1
  B) -1
  C) Zero
  D) Infinity


cassie_ragen

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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

D


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