20-12REITs That Invest in Both Equity Properties and Mortgages Are

question 9

Multiple Choice

20-12.REITs that invest in both equity properties and mortgages are called:

• A) combination REITs
• B) hybrid REITs
• C) dual purpose REITs
• D) none of the above

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Definitions:

Marginal Cost Curve

The marginal cost curve graphically represents the cost incurred in producing one additional unit of a good.

Average Fixed Cost

Represents the fixed costs of production (costs that do not change with the level of output) divided by the quantity of output produced.

Total Cost Curve

A graphical representation showing the total cost incurred by a firm at different levels of output.

Variable Input

An input in the production process that can be adjusted in the short term to change the level of output.