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If the markets closes, and a stock’s price closes at $25.00 and has a price to earnings ration of 15 which is a change of 1.11, what can say from statements given below?

Which of the following would be considered the most liquid asset?

Your Great Uncle Dwight has told you that he will leave you an annuity that will pay $75 next year and grow at an annual rate of 3%. The payments are expected to go on forever and the interest rate is 7%. What is the value of the growing perpetuity?

The figure shows the marginal revenue product for Maverick’s Hand-Made Masks, a producer of Halloween masks.  If Maverick can sell his masks at $2 each, what is the marginal product of the 5th worker?

​ **As a group, oligopolists would always be better off if they would act collectively

If FedEx hires another worker, FedEx will be able to deliver an additional 20 packages an hour. The price of each package is $5. The value of this worker’s marginal product is equal to

Alpha and Beta are the only firms selling perogies in Pittsburgh. Each firm must decide on whether to offer a discount to students to compete for customers. If one firm offers a discount but the other does not, then the firm that offers the discount will increase its profit. The table shows the payoff matrix for this game.Does Alpha have a dominant strategy and if so, what is it?

Jennifer’s Bakery Shop produces baked goods in a perfectly competitive market. If Jennifer decides to produce her 100th batch of cookies, the marginal cost is $120. She can sell this batch of cookies at a market price of $110. To maximize her profit, Jennifer should

LZ and AP are the only two airport shuttle and limousine rental service companies in the mid-sized town of Erie, PA. Each firm must decide on whether to offer its customers a mid-week discount for airport transportation. The table shows the payoff matrix for profits earned by each company based on either offering or not offering the discount. Is there a dominant strategy for AP and if so, what is it?

**The reason monopolistically competitive firms have difficulty maintaining a profit in the long run is that: