Students at a major university must go through several registration steps. officials have observed that it is typically the case that the waiting line at the fee-payment station is the longest. this would seem to suggest that the fee-payment station is the in the student registration process. a. capacity cushionb. first stationc. bottleneckd. economy of scalee. diseconomy of scale

Security a has a higher standard deviation of returns than security b. we would expect that: (i) security a would have a risk premium equal to security b. (ii) the likely range of returns for security a in any given year would be higher than the likely range of returns for security b. (iii) the sharpe ratio of a will be higher than the sharpe ratio of b. (a) i only (b) i and ii only (c) ii and iii only (d) i, ii and iii