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Author Question: A(n) ________ relates each possible outcome to its probability of occurrence. A) probability ... (Read 71 times)

kamilo84

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on: Jul 1, 2018
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.


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wergv

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

A

Answer to Question 2

B


kamilo84

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Reply #2 on: Jul 1, 2018
Thank you


wergv

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Reply #3 on: Jul 1, 2018
No problemo


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