Stock in Frozen Dreams, an ice cream manufacturer, has a price to earnings ratio of 24 . Is this comparatively high or low? What are two explanations for the size of this company's price to earnings ratio?
Its price to earnings ratio is comparatively high. It may be that people expect its earnings to rise or that the stock is overvalued.
Economics
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In monopolistic competition, in the short run a firm maximizes its profit by selecting an output at which marginal cost equals
A) average total cost. B) marginal revenue. C) price. D) zero.
Economics
The service a homeowner performs when she mows her yard is not included in GDP because:
A. This is a nonmarket transaction B. This is a nonproduction activity C. This is a noninvestment transaction D. Multiple counting would be involved
Economics