Carl's transactions for a year are given in the table. His broker charged him $5 per trade. How much does Carl pay his broker? W
hat is the fina return after paying his broker's fees? Carl's total brokerage fees were ($5, $15,$50) paying taxes on the return. for the year. His final return for the year was ($2,950, 2,985, 2,995)after deducting all fees but before
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The answer is:
By definition, a point is a local minimum if it has the smallest <em>y</em> coordinate in that interval and the graph goes from decreasing to increasing.
Based on this information, you can graph the points given in the problem above, as you can see in the figure attached. Then, you can notice that the ordered pair that is closest to a local minimum of the function is the last option shown in the problem.
