Which of the Following Statements Is True

question 9

Multiple Choice

Which of the following statements is true?

• A)Net asset value refers to the book value of assets in a managed fund portfolio divided by the number of shares outstanding.
• B)Net asset value refers to the book value of assets in a managed fund portfolio multiplied by the number of shares outstanding.
• C)Net asset value refers to the market value of assets in a managed fund portfolio multiplied by the number of shares outstanding.
• D)None of the listed options are correct.

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Definitions:

Marginal Revenue

It refers to the additional income earned by selling one more unit of a good or service.

Marginal Cost

The increase in costs resulting from the manufacturing of one extra good or service.

Dominant Price Leader

A firm that has the largest market share within an industry and whose pricing decisions are often followed by other firms in the market.

Monopolist

An entity, individual, or company that is the sole supplier of a particular commodity or service in a market, often resulting in the power to control prices and market conditions.