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You purchased a bond for $1,000. At the end of a year, the bond paid interest of $90. You sold the bond for $950 after receiving the interest payment.
-Refer to the information above. What was your total rate of return on this investment? Round your answer to the nearest tenth of a percent.
Short-Run Average Total Costs
The total production costs divided by the quantity produced when at least one input is fixed, typically analyzed in the short-run period.
Marginal Cost
The additional cost incurred by producing one more unit of a product or service, used in determining optimal production levels.
Short-Run Capacity
Refers to the maximum output a firm can produce under a given set of fixed and variable inputs within a short period.
Average Variable Cost
Average variable cost is the total variable cost divided by the quantity of output, showing the cost of producing one more unit of a good.
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