Use the Following Information to Answer the Question(s) Below

question 15

Multiple Choice

Use the following information to answer the question(s) below.
Suppose all possible investment opportunities in the world are limited to the four stocks list in the table below:

-Suppose that you have invested $30,000 invested in the market portfolio.Then the number of shares of Rearden Metal that you hold is closest to:

• A) 450 shares
• B) 700 shares
• C) 1,400 shares
• D) 2,300 shares

---

Definitions:

Inverse Demand Function

A mathematical function that expresses price as a function of quantity demanded, showing the price at which consumers are willing to purchase a certain quantity of a good.

Inverse Supply

A representation of the relationship where the price of a good influences the quantity supplied, typically showing higher quantities supplied at higher prices.

Tax

Compulsory contributions to state revenue, levied by the government on workers' income and business profits or added to the cost of some goods, services, and transactions.

Demand Function

A mathematical equation that describes the relationship between the quantity of a good consumers are willing to buy and the good’s price, holding other factors constant.