The general tax can be considered a retail sales tax.
A. True
B. False
C. Uncertain
B. False
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The price/earnings (PE) ratio of a stock is found by
a. dividing the most recent year's dividend by the current stock price b. dividing the current stock price by the after-tax profit per share c. dividing the most recent year's dividend by retained earnings d. dividing the current stock price by the Dow Jones Industrial Average e. dividing the current stock price by the present value of the firm
Chloe's Café sells gourmet cinnamon rolls. In the long run, the café incurs a total cost of $500 to produce 1,000 cinnamon rolls. If Chloe's Café exhibits constant returns to scale between 1,000 and 1,500 cinnamon rolls, the long-run average total cost for 1,250 cinnamon rolls is a. higher than $0.50. b. lower than $0.50. c. equal to $0.50
d. equal to $500.
People systematically overestimate the strength of positive and negative gut feelings.
Answer the following statement true (T) or false (F)
Using the information in the table, develop the four-firm concentration ratio. Would you classify this industry as an oligopoly? Explain your answer.
What will be an ideal response?