Consider a mutual fund with a 6 percent back-end load that decreases to 0 percent in the seventh year. How much of the load will an investor have to bear if she sells it off in the seventh year?
a. 1 percent of the load
b. 0 percent of the load
c. 2 percent of the load
d. 6 percent of the load
e. 4 percent of the load
Question 2
To decide which of the two goods is a better buy, a consumer should compare the products' _____.
a. marginal utilities
b. total utilities
c. marginal utilities per dollar
d. total utilities per dollar
e. disutility
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