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Assume the total product of two workers is 110 and the total product of three workers is 120. The three worker's average product is ________ while the third worker's marginal product is ________.
Risky Asset
An asset that has a significant degree of risk associated with it, offering the potential for higher returns in exchange for the increased risk.
Standard Deviation
A statistic that measures the dispersion of a dataset relative to its mean and is used in finance to gauge the amount of historical volatility of an investment.
Risk-Free Asset
An investment that is expected to return its principal and interest with near certainty, such as government bonds from stable countries.
Risky Asset
An investment that has a significant degree of uncertainty in its returns.
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