If the Supply of an Input Is Fixed,its Supply Curve

question 31

Multiple Choice

If the supply of an input is fixed,its supply curve is a(n)

• A) upward-sloping line.
• B) vertical line.
• C) downward-sloping line.
• D) horizontal line.
• E) single point.

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Definitions:

Business-specific Risk

The risk associated with the particular circumstances of a specific business, including its industry, market position, and management.

SML

Stands for Security Market Line, which represents the expected return of a market security as a function of its systematic, non-diversifiable risk.

Coefficient of Variation

A statistical measure that assesses the relative variability of data points around the mean, indicating the level of dispersion.

Standard Deviation

A statistical measure of the dispersion or variability of a set of values, often used in finance to quantify the risk associated with an investment's return.