You Have Entered the Following Information on a Spreadsheet

question 39

Multiple Choice

You have entered the following information on a spreadsheet:
-Refer to the information above. Which of the following commands would you use to calculate the variance of the market returns?

• A)=covar(b2:b6)
• B)=varm(b2:b6)
• C)=varp(b2:b6)
• D)=var(b2:b6)

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Definitions:

Marginal Cost

The additional cost incurred in producing one more unit of a good or service.

Comparative Advantage

Comparative advantage occurs when a country, individual, or company can produce a good or service at a lower opportunity cost than others.

Geegaws

Decorative trinkets or gadgets, often considered unnecessary or frivolous.

Utility Function

An illustrative model that shows the way individuals prioritize various combinations of products based on their contentment levels.