__________ Is the Willingness to Undertake Risk with the Opportunity

question 15

Multiple Choice

__________ is the willingness to undertake risk with the opportunity to increase one's return.

• A) Tunnel vision
• B) Risk propensity
• C) Risk aversity
• D) Risk neutrality
• E) Ineffective investment philosophy

---

Definitions:

MRP

The additional revenue a firm gains from hiring an additional unit of input, such as labor, in the production of goods.

MRC

Marginal Revenue Cost, NO.

Pure Competition

A market structure in which a very large number of firms sells a standardized product, into which entry is very easy, in which the individual seller has no control over the product price, and in which there is no nonprice competition; a market characterized by a very large number of buyers and sellers.

Market Price

The current price at which a good or service can be bought or sold in the open market.