Stock Quotes on Most Internet Service Providers Such as Yahoo

question 14

Multiple Choice

Stock quotes on most Internet service providers such as Yahoo Finance include
I.the highest and lowest price over the last 52 weeks.
II.the closing price for the previous trading day.
III.the opening price for the day.
IV.the bid price and ask price.

• A)I and III only
• B)II and IV only
• C)I, II and III only
• D)II, III and IV only

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Definitions:

Output

The quantity of a product or service produced within a given period by a company, sector, or economy.

Long-Run Average Total Cost Curve

A graphical representation showing how the average total cost of production varies with output level in the long run, when all inputs are variable.

Short Run

A period in economics during which at least one factor of production is fixed, limiting the ability to fully adjust to new market conditions.

Long Run

The time period in economics during which all inputs or factors of production can be adjusted or changed, contrary to the short run where some inputs are fixed.