The Given Information Applies to the Day of Investment in a Mutual

question 130

Multiple Choice

The given information applies to the day of investment in a mutual fund. Find the net asset value or number of shares
purchased as indicated.
- $$\begin{array} { l c c c } \hline \text { Amount } & \text { Total Fund } & \text { Total Fund } & \text { Total Shares } \\\text { Invested } & \text { Assets } & \text { Liabilities } & \text { Outstanding } \\\hline \$ 56,100 & \$ 1.52 \text { billion } & \$ 146 \text { million } & 203 \text { million } \\\hline\end{array}$$ Find the number of shares purchased.

• A)8288
• B)276
• C)78,823
• D)7492

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Definitions:

Marginal Utility

The added pleasure or benefit received from consuming an additional unit of a good or service.

Money Income

The total amount of monetary earnings received by an individual or household, including wages, salaries, and other forms of income.

Satisfaction Maximization

The process of optimizing decisions or actions to achieve the highest level of satisfaction or utility.

Consumer Behavior

Consumer behavior is the study of how individuals make decisions to spend their resources on consumption-related items, including what, why, and how they buy.