A firm realizes that it is producing more than the profit maximizing level of output and

Marginal revenue is equal to price for firms operating in which market structure(s)?

A)Both perfect competition and imperfect competition.

B)Neither perfect competition nor imperfect competition.

C)Perfect competition only.

rent?

Supply curve Demand curve

A)Perfectly inelastic Perfectly elastic

B)Upward sloping Downward sloping

C)Perfectly elastic Downward sloping

ion in all aspects of life. She works in a country where local securities laws are minimal and insider trading is not prohibited. Chin’s politics are reflected in her investment strategy, where she follows her country’s mandatory legal and regulatory requirements. Which of the following actions by Chin is most consistent with the CFA Institute Standards of Professional Conduct?

A. Follow the CFA Code and Standards.

B. Continue her current investment strategy.

C. Disclose her political advocacy to clients.

d’s assets, and the other co-founder, Brian Burkeman, CFA, is responsible for fund sales and marketing. Cruz notices the most recent sales material used by Burkeman indicates assets under management are listed at a higher value than the current market value. Burkeman justifies the discrepancy by stating recent market declines account for the difference. In order to comply with the CFA Institute Standards of Professional Conduct, Cruz should least likely take which of the following actions?

A. Correct the asset information and provide updates to prospective clients.

B. Report the discrepancy to CFA Institute’s Professional Conduct Program.

C. Provide a disclaimer within marketing material indicating prices are as of a specific date.

ranked from lowest to highest as follows:

In a frequency distribution from 30% to 90% that is divided into six equal-sized intervals, the absolute frequency of the sixth interval is:

A) 2.

B) 4.

C) 1.

D) 3.

of the economy in thefollowing way:

The standard deviation of XYZ's expected return on equity is closest to:

A) 3.5%.

B) 12.3%.

C) 1.3%.

D) 1.5%.

. Romel wants to calculate the return on the portfolio. Over the last five years, the fund’s annual percentage returns were: 25, 15, 12, -8, and –14. Determine if the geometric return of the fund will be less than or greater than the arithmetic return and calculate the fund’s geometric return:

Geometric Return Geometric compared to Arithmetic

A) 4.96% greater than

B) 12.86% greater than

C) 12.86% less than

D) 4.96% less than

ample with 64 observations, the researcher calculates a sample mean of -2.5 and a sample standard deviation of 8.0. At which levels of significance should the researcher reject the hypothesis?

1% significance 5% significance 10% significance

A) Reject Fail to reject Fail to reject

B) Fail to reject Fail to reject Reject

C) Reject Reject Reject

D) Fail to reject Reject Reject

inheritance. Tekei needs funds for the down payment on a co-op in Manhattan and has found a bank that will give her the present value of her inheritance amount, assuming an 8.0% stated annual interest rate with continuous compounding. Will the proceeds from the bank be sufficient to cover her down payment of $65,000?

A) Yes, Tekei will receive $68,058.

B) No, Tekei will only receive $49,182.

C) No, Tekei will only receive $61,878.

D) Yes, Tekei will receive $67,028.

n of 6.45, its price value of a basis point (PVBP) isclosest to:

A. 0.0524

B. 0.0628

C. 0.0779