Which of the Following Is NOT a Characteristic of the Wilshire

question 18

Multiple Choice

Which of the following is NOT a characteristic of the Wilshire 5000 Equity Index?

• A)It is most frequently used by individual investors
• B)It represents the total dollar value of 5,000 stocks on a value-weighted basis
• C)It contains all NYSE and AMEX issues, and most active NASDAQ issues
• D)It is used as a measure of the broadest market performance index
• E)It is a value-weighted index

---

Definitions:

Total Utility

The total satisfaction or benefit received by consuming a certain quantity of goods or services.

Utils

A hypothetical unit of measure used to quantify the satisfaction or utility that a consumer derives from consuming a good or service.

Marginal Utility per Dollar

The additional satisfaction or utility gained from consuming an additional unit of a good or service per unit of currency spent.

Utility-maximizing Consumer

A consumer who aims to get the highest level of satisfaction possible from their purchases, given their budget constraints.