Mutual funds, pension plans, and life insurance policies:
A. are all forms of savings.
B. all entrust a professional to decide which financial assets are the best for the saver to hold.
C. differ regarding when you can have access to the asset's worth.
D. All of these are true.
Answer: D
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Refer to the Article Summary. All else equal, the lower production costs should help offset some of the falling income and
A) prevent losses from occurring in the agricultural sector. B) keep profits from falling to an even lower level. C) reduce the equilibrium quantity of agricultural output. D) keep prices from falling to an even lower level.
Robin owns a horse stables and riding academy and gives riding lessons for children at "pony camp.". Her business operates in a competitive industry. Robin gives riding lessons to 20 children per month. Her monthly total revenue is $4,000 . The marginal cost of pony camp is $100 per child. In order to maximize profits, Robin should
a. give riding lessons to more than 20 children per month. b. give riding lessons to fewer than 20 children per month. c. continue to give riding lessons to 20 children per month. d. We do not have enough information to answer the question.