When economies of scale exist, a decrease in the level of output ...

[pragya sharda]

When economies of scale exist, a decrease in the level of output will lead to:
 a. a decrease in cost per unit.
  b. an increase in cost per unit.
  c. no change in cost per unit.
  d. an increase in total cost.

Question 2

Why is it unlikely for even a very successful investor to continuously outperform the market?
 a. Different investors have different risk appetites.
  b. Individual investors have independent strategies.
  c. The stock market is not subject to sufficient government regulations.
  d. Investors often mimic the strategies of the successful investor.
  e. The market is always inefficient.

[carolinefletcherr]

Answer to Question 1

b

Answer to Question 2

d

[pragya sharda]

Thanks for the timely response, appreciate it

[debra928]

Excellent