Choose the Word or Phrase in [ ] Which Will

question 45

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-Past returns on an investment are [an indication | a guarantee] of future returns.

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Definitions:

Cartoonists' Labor

The work or efforts put in by cartoonists in creating animated or static cartoons.

Marginal Cost

The increase or decrease in the total cost that arises from producing one additional unit of a particular good.

Average Cost

The total cost divided by the number of goods produced, reflecting the cost per unit of output.

Cost Function

A mathematical relationship that describes how production costs change with variations in the quantity of output produced.