The expected value is
A) the total of all possible outcomes.
B) the arithmetic average of all possible outcomes.
C) the average of all possible outcomes weighted by their respective probabilities.
D) the total of all possible outcomes divided by the number of different possible outcomes.
C
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When the value of one currency falls relative to another currency, the exchange rate for the first currency has
A) depreciated. B) appreciated. C) demanded. D) revalued.
When interest rates in the economy fall, the prices of previously issued bonds
A. must fall. B. must change but may either rise or fall. C. must rise. D. may remain unchanged.
If a firm experiences diminishing marginal productivity of labor, the marginal product
a. increases as total product increases. b. decreases as total product increases. c. increases as total product decreases. d. decreases as total product decreases.
Refer to the table shown. If the output of bicycles is 4 per week, the marginal cost of producing another bicycle per week is:Output(bicycles per week)Total cost (dollars)110022003310444055806730790081,200
A. $130. B. $140. C. $120. D. $110.