The Closing Prices of a Common Stock Have Been 61

question 1

Multiple Choice

The closing prices of a common stock have been 61.5,62,61.25,60.875 and 61.5 for the past week.What is the range?

• A)$1.250
• B)$1.750
• C)$1.125
• D)$1.875

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Definitions:

Equilibrium

A state where supply and demand balance, and as a result, prices become stable.

Unit Price

The cost assigned to a single unit of a product or service, facilitating price comparisons among similar products based on per unit costs.

Marginal Utility

The additional satisfaction or utility a consumer gains from consuming one more unit of a good or service.

Hypothetical Consumer

A theoretical representation of an average consumer used in economic models to predict buying behavior and market dynamics.