Exhibit 24-8 Refer to Exhibit 24-8

question 131

Multiple Choice

Exhibit 24-8 Refer to Exhibit 24-8. Assuming that total fixed costs are $80, the average variable cost of producing 2 units of output is

• A)$19.50.
• B)$155.
• C)$145.
• D)$55.
• E)There is not enough information given to answer this question.

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Definitions:

NAV

NAV, or Net Asset Value, represents the per-share market value of a fund's assets minus its liabilities, crucial for evaluating investment funds.

Money Market Funds

Investment funds that pool money from investors to purchase short-term, high-quality debt securities and aim to provide returns with lower risk.

Equity Funds

Mutual funds that invest primarily in stocks, aiming for growth by capital gains rather than income from dividends or interest.

Bond Funds

Investment funds that exclusively invest in bonds, offering investors exposure to the fixed income market.