The fixed costs in a manufacturing company is RO 3000. The cost of raw material is 4 RO per unit, cost of labor is RO 6 per unit and overhead expense per unit is RO 2. If the company manufactures 1300 units, what would be the total costs? O a. RO 10,400 O b. RO 13,600 O. RO 15,600 O d. RO 18,600

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Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.