Expected values are

a. Values that you expect from an individual
b. Mean values
c. Weighted average outcomes
d. Both B&C

d

Economics

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The fundamental rule of profit maximization for firms is to produce where:

a. MR = MC. b. ATC is minimized. c. quantity of output is maximized. d. price is maximized. e. total revenue is maximized.

Economics

GDP per capita is

a. GDP/GDP deflator. b. GDP deflator/GDP. c. population/GDP. d. GDP/population.

Economics