Which Distribution Is a Discrete Probability Distribution That Counts the Number

question 10

Multiple Choice

Which distribution is a discrete probability distribution that counts the number of events,such as large stock price moves,that occur over a period of time?

• A) Latin hypercube
• B) Normal
• C) Lognormal
• D) Poisson

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Definitions:

Marginal Revenue

The additional income that a firm receives from selling one more unit of a good or service.

Demand Schedules

Tables that show the quantity of a good or service that consumers are willing and able to purchase at different price points.

Monopolistic Competitive Industry

A market structure where many firms sell products that are similar but not identical, allowing for competition based on factors other than price.

Short Run

A period in economics where at least one input is fixed and cannot change, limiting the capacity for production adjustments.