Bernie Has Followed the Three Steps to Begin Mutual Fund

question 6

Multiple Choice

Bernie has followed the three steps to begin mutual fund investing and is ready to make the purchase.What are his choices in buying?

• A)Use a broker.
• B)Use a financial advisor.
• C)Buy direct.
• D)Buy through a mutual fund supermarket.
• E)All of the above

Identify the biological and environmental factors influencing human behaviors and traits.

Comprehend the Five Factor Model of personality traits in the context of evolutionary psychology.

Appreciate the adaptive significance of cooperation, altruism, and language in human evolution.

Discern the influence of genetic relatedness on altruistic behaviors and kin selection.

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Definitions:

Economies of Scale

Economies of scale refer to the cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output decreasing with increasing scale.

Constant Returns to Scale

A situation in production where increasing the inputs exactly proportionally results in an equivalent increase in output.

Economies of Scale

The financial benefits gained by businesses as a result of their operation size, wherein the expense for each unit produced typically drops as the scale expands.

Average Total Costs

The total cost of production divided by the quantity of output produced; it includes both fixed and variable costs.