In December 1977 the TSX Index Was 1059

question 9

Multiple Choice

In December 1977 the TSX index was 1059.In December 2007 the TSX index was 11980 .What has been the approximate historical return on equities during this period?

• A)4)2 percent
• B)10.1 percent
• C)15.6 percent
• D)8)4 percent

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Definitions:

Factor Prices

Prices paid for the use of factors of production such as labor, capital, and land.

Production Function

An equation that describes the maximum amount of output that can be produced from a given set of inputs.

Short-Run Total Cost

The total of all costs incurred in the production process when some factors of production are fixed.

Production Function

An equation, table, or graph that shows the maximum output of goods and services that can be produced with varying inputs under certain technological constraints.