Exam Code: ICWIM
Exam Name: International Certificate in Wealth & Investment Management
Version: V13.25
Q & A: 72 Questions and Answers
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NEW QUESTION: 1
If a firm's average per-unit costs fall as it produces a larger output, then
A. average variable cost must also decline as output expands.
B. marginal cost must also decline as output expands.
C. marginal cost must be less than average total cost.
Answer: C
Explanation:
Average total costs increase when marginal costs are greater than average total costs.
Assume the following costs: Fixed cost = 100. The marginal cost of the first unit of output equals $10
(MC1), the marginal cost of the second unit of output equals $12 (MC2), MC3 = 14. Total costs for three units of output equals FC + VC which here equals $100 + ($10 + $12 + $14) which equals $136. Average total costs equals $136/3 or $45.333. If MC4 = $16 which is smaller than average total cost the average total cost will decline. Thus, total cost becomes $136 + $16 = $152 thus making average total cost equal
$ 152/4 or $38. Thus, when marginal cost is smaller than average total cost, the average total cost will decline.
NEW QUESTION: 2
A ________ is a detailed step-by-step document that explains exactly what is to be done.
A. Standard
B. Baseline
C. Rule
D. Procedure
Answer: D
NEW QUESTION: 3
DRAG DROP
You need to recommend a solution to resolve the user access issues that occur during the installation of updates on the Exchange Server 2013 servers.
Which cmdlets should you recommend using on EX1 and EX2? (To answer, drag the appropriate cmdlet to the correct servers. Each cmdlet may be used once, more than once, or not at all. You may need to drag the split bar between panes or scroll to view content.)
Answer:
Explanation:
NEW QUESTION: 4
Which statement is true regarding failElover.
A. By default, hardware faElilover detects voltage across the failElover cable and monitors traffic across the internal VLAN.
B. If the hardware failElover cable is disconnected, both BIGElIP devices will always assume the active role.
C. Hardware failElover can be used in conjunction with network failover.
D. Hardware failElover is disabled by default.
Answer: C
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