You invested $10,000 in a mutual fund at the beginning of the year when the NAV was $32.24. At the end of the year, the fund paid $0.24 in short-term distributions and $0.41 in long-term distributions. If the NAV of the fund at the end of the year was $35.23, what was your return for the year

Return for the year is 11.29%

Explanation:

Beginning of the year, NAV = $32.24.

At the end of the year,

Short-term distributions = $0.24

Long-term distributions = $0.41

End of the year was, NAV = $35.23

No. Of mutual funds = $10000 ÷ $32.24 = 310.1737

Distributions per fund = Short term distributions + Long term distributions = $0.24 + $0.41 = $0.65

Total distributions = $0.65 × 310.1737 = $201.61

Closing value of fund invested = No. Of funds × Closing NAV

Closing value of fund invested = 310.1737 × $35.23 = $10927.42

Total net benefit = (Closing value of fund - Opening value of fund) + Total distributions

Total net benefit = ($10927.42 - $10000) + $201.61

Total net benefit = $1129.03

Now,

Return on fund invested = Total net benefit/Opening value of fund

Return on fund invested = $1129.03 ÷ $10000

Return on fund invested = 0.1129 or 11.29%

answer: in the short-run firms will respond by raising the price of turkey.

explanation: initially the long-run equilibrium is at a price of $5 per pound of turkey and a quantity of 50 million pounds per year. now, when webmd claims that a protein found in turkey will increase your expected lifespan by 4 years. the consumers demand for turkey will increase at every price shifting the demand curve to the right from d1 to d2. while, there will be no change in the supply curve in the short-run as it is not possible for producers to adjust supply so quickly. as a result the new equilibrium will occur at a higher price and a higher quantity of turkey.

thus, in the short run firms will respond by increasing the price of turkey, selling more quantity at a higher price and earning economic profits.