Answer:
Option (d) is correct.
Explanation:
Linear demand curve represents the relationship between the price of the goods and the quantity demanded for a particular good and there is a inverse relationship between the price of the goods and quantity of goods demanded.
The linear demand is elastic in nature at relatively higher prices. If there is a any increase in the price level then as a result the quantity demanded for that good decreases. Slightly change in the price level will lead to larger change in the quantity demanded.
you'll have 59.2% profit margin (148,000)
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Answer:
The company's earnings per share is $ 4.
Explanation:
EPS earning per share is an indicator widely used by investor of stock market in order to determine market value of their investment. EPS is directlty proportional to stock price.
EPS is calculated by dividing net income with outstanding common shares.
EPS = Net income/ outstanding common shares
EPS = 34,000/8,500 = $ 4