Use the table for the question(s) below.
Consider the following average annual returns: 
-What is the excess return for the S&P 500?
Definitions:
Marginal Revenue
The extra revenue gained by selling an additional unit of a product or service.
Total Cost
The sum of all expenses incurred in the production of goods or services, including fixed and variable costs.
Profit Maximizing Price
The price level at which a business can achieve the highest profit possible, based on its production costs and demand for its products.
Demand Curve
A graphical representation of the relationship between the price of a good and the quantity demanded.
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