If you can produce more of something than others with the same resources, you have

If two investments, X and Y, have the same expected return an individual investor would prefer:

a. the one with a higher standard deviation. b. the one with a higher mean. c. the one with a lower correlation coefficient. d. the one with a lower variance.

If the demand for apples increases at the same time the supply of apples falls, the price of apples will tend to fall

a. True b. False Indicate whether the statement is true or false