TechNo Stock Was $25 Per Share at the End of Last

question 53

Multiple Choice

TechNo stock was $25 per share at the end of last year. Since then, it paid a $1.50 per share dividend last year. The stock price is currently $23. If you owned 300 shares of TechNo, what was your percent return?

• A) −2 percent
• B) −8 percent
• C) 6 percent
• D) 6.5 percent

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Definitions:

AFC Curve

Average Fixed Costs curve; a graphical representation showing the average fixed costs of producing different levels of output, which typically decreases as output increases.

MC Curve

The marginal cost curve, which graphs the cost of producing one more unit of a good or service, showing how marginal cost varies with the quantity produced.

Average Total Cost

The total cost of production (fixed and variable costs combined) divided by the total quantity of output produced.

Average Variable Cost

Average variable cost is the total variable cost of production divided by the number of units produced, indicating the variable cost per unit.