What documents are needed when determining the value of a business?
a. federal and state income tax returns
b. complete financial statements
c. planning information regarding current budgets and forecasts
d. operation information
e. all of these
e. all of these
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Joe and Ed go to a diner that sells hamburgers for $5 and hot dogs for $3. They agree to split the lunch bill evenly. Ed chooses a hot dog. The marginal cost to Joe if he orders a hamburger, instead of a hot dog, is
A. $1. B. $2. C. $2.50. D. $3.
If the marginal revenue product of the fifth worker is $15, the price of the last unit of output produced is $5, and the firm sells as a price searcher, then the marginal product of the fifth worker is
a. 3 units of output b. 45 units of output c. fewer than 3 units of output d. greater than 3 units of output e. greater than 75 units of output
Capital charges equal the company's invested capital divided by the weighted average cost of capital
Indicate whether the statement is true or false
When sellers price discriminate,
A. They are trying to find a minimum price the individual is willing to pay. B. They are attempting to charge a price that is the maximum price each individual is willing to pay. C. They are trying to pit one group of buyers against another. D. They are taking an illegal action.