If You Are Moving in a Sanctuary and Learning More

question 5

Multiple Choice

If you are moving in a sanctuary and learning more about migratory birds, you are , in all probability, a/an

• A)tourist
• B)explore
• C)eco?tourist
• D)researcher

Understand how fixed and variable costs contribute to total costs and how this affects business decisions.

Identify when economies of scale or diseconomies of scale are occurring within a production process.

Understand the concepts of fixed, variable, and total costs in production.

Analyze the relationship between output and costs using average and marginal measures.

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Definitions:

Coupon Rate

The annual percentage yield of a bond in relation to its face amount.

Yield to Maturity

The expected total yield on a bond when held until it reaches its date of maturity.

Semiannual Coupon

Interest payments made to bondholders twice a year.

Yield

The income return on an investment, such as the interest or dividends received, typically expressed as an annual percentage of the investment cost.