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Use the following to answer questions:
-(Table: Total Cost and Output) Look at the table Total Cost and Output, which describes Sergei's total costs for his perfectly competitive all-natural ice cream firm. How many tubs of ice cream will Sergei produce in the long run?
Risk Averse
A preference for certainty over uncertainty with regards to outcomes, particularly in the context of financial decisions.
Certain Income
An assured or guaranteed stream of income, usually referring to investments with fixed returns.
Probability
A measure of how likely it is for an event to occur, expressed as a number between 0 and 1, with 1 indicating certainty.
Investments
Assets or items acquired with the goal of generating income or appreciation in value over time.
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