Answer:
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Ale Corporation had net income of $240,000 and paid dividends to common stockholders of $40,000 in 2017. The weighted average nu
mber of shares outstanding in 2017 was 60,000 shares. Ale Corporation's common stock is selling for $76 per share on the New York Stock Exchange. Ale Corporation's price-earnings ratio is?
2 answers:
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Answer:
b) both the values that society places on those products and the costs to society of producing those products
Explanation:
When the "invisible hand" guides economic activity, prices are known as equilibrium prices.
Equilibrium price is found where the demand curve intersects with the supply curve .
Equilibrium price is the price where both the value that society places on those products and the costs to society of producing those products are equal.
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