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dillon_green23 dillon_green23
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5 years ago

Question 1.

You are certain that the restaurant industry's normal rate of return is 12%. You would expect a(n) ________ normal rate of return for a soft drink manufacturing industry that people consider much less risky than the restaurant industry.



▸ 12%

▸ less than 12%

▸ above 12%

▸ risk free (the rate on government bonds)

Question 2.

Assume the total product of two workers is 200 and the total product of three workers is 300. The three workers' average product is ________ while the third worker's marginal product is ________.



▸ 80; 40

▸ 40; 80

▸ 100; 100

▸ 300; 200
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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blazeypoohblazeypooh
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