It is given that Joseph purchased 100 shares of ABCD Growth Fund for a price of $10.00 per share with a total investment of $1,000. At the end of the year he sold his investment for $11.20 per share. Find the total capital gain.
To get the capital gain, compute the total price in which Joseph sold his investment.
$11.20 x 100 = $1,120
Subtract the answer to the total price bought by Joseph
$1,120 - $1,000 = $120
The total capital gain is $120
Answer: equal to; at their minimum.
Explanation: Marginal cost is equal to the average variable cost and the average total cost when they are at their minimum.
Thus, when average total cost is increasing, marginal cost must be above average total cost; and when at its minimum, marginal cost is equal to average total cost. Also, when average variable cost is at its minimum, marginal cost equals average variable cost.
Marginal cost is the increase in the cost that accompanies a unit increase in output; the partial derivative of the cost function with respect to output.
Answer:
(D) an inferior good.
Explanation:
The inferior good had a negative relationship between income and demand.
When the income is lower, the demand increases as people moves away from normal goods to inferior as they are cheaper. And it will decrease once the income level return to his previous level.
This causes even more troubles in recessions to normal company's as the demand decrease and also, it shift to other goods.
