When a Wholesaler Sells $n$ CD Players, the Revenue Is $R = 130 n - \frac { 1 } { 2 } n ^ { 2 }$

question 32

Multiple Choice

When a wholesaler sells $n$ CD players, the revenue is $R = 130 n - \frac { 1 } { 2 } n ^ { 2 }$ . How many CD players would the wholesaler have to sell to receive $\$ 8,450$ ?

• A) \(100\) CD players
• B) \(90\) CD players
• C) \(130\) CD players
• D) \(150\) CD players
• E) \(140\) CD players

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Definitions:

Open-end

A type of mutual fund that does not have a fixed number of shares and can issue new shares or redeem existing shares at any time based on investor demand.

Net Asset Value

The per-share value of a mutual fund or exchange-traded fund, calculated by dividing the total value of all securities in the portfolio by the number of shares outstanding.

Net Asset Value

Net Asset Value (NAV) is the per-share value of a mutual fund or ETF, calculated by dividing the total value of all the assets in the portfolio, minus liabilities, by the number of shares outstanding.

Liabilities

Liabilities are financial obligations or debts that a company or an individual owes, which are expected to be paid in the future.