Answer:
13.50%
Explanation:
From the given information ; we use EXCEL to compute the Dataset given and use it to determine the expected return on what the stock portfolio would be.
Check the attached file below for the solution in Excel Sheet.
Okay is it just me or is anyone else getting so many exams and redos right now
1 answer:
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At 1.5 the average total cost is a minimum and the total cost will be 10.25 where the TC = total cost; x = output (in 1,000 units)
<h3>What are maxima and minima?</h3>Maxima and minima of a function are the extremes within the range, in other words, the maximum value of a function at a certain point is called maxima and the minimum value of a function at a certain point is called minima.
We have a total cost function:
TC = x³/3 - x² + 11x
Average total cost:
Differentiating with respect to x and equating to x
d(F(x))/dx = 0
We will get:
x = 1.5
F'(1.5) > 0
At 1.5 the average total cost is a minimum.
Thus, at 1.5 the average total cost is a minimum and the total cost will be 10.25 where the TC = total cost; x = output (in 1,000 units)
Learn more about the maxima and minima here:
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