On January 2,2003,you Invest $10,000 in the W

question 73

Multiple Choice

On January 2,2003,you invest $10,000 in the W.O.W.Mutual Fund,a load fund that charges a fee of 5%.The fund's returns were 13.6% in 2003,12.2% in 2004,8.3% in 2005.On December 31,2005 you redeem all your W.O.W.shares.The dollar value is

• A) $13,600.00
• B) $13,664.13
• C) $10,000.00
• D) $131,136.40
• E) $13,113.64

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Definitions:

Break-Even Point

The point at which total revenues equal total costs, resulting in neither profit nor loss for a business.

Shutdown Point

The level of production and price at which a firm's total revenue is exactly equal to its total variable costs, leading to a decision whether to temporarily halt production.

Short-Run Supply

The total amount of goods and services that producers are willing and able to sell in the market at various prices over a short period, often influenced by fixed factors of production.

Long-Run Supply

A market condition reflecting the total output of goods and services providers are willing and able to produce, considering all inputs are variable.