Use the Given Stock Table to Answer the Question $= 24 \times$

question 235

Multiple Choice

Use the given stock table to answer the question.
-How does the share price for company ABC compare to the profit per share that it earned in the past year?

• A) price \(= 24 \times\) earnings
• B) price \(= 2.5 \times\) earnings
• C) earnings \(= 24 \times\) price
• D) price \(= 25.22 \times\) earnings

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Definitions:

Economizing Problem

The fundamental economic issue of meeting people's virtually unlimited wants with scarce resources, requiring choices and priorities in resource allocation.

Unlimited Time

An indefinite duration without a specified end point or limit.

Normative Economic

An aspect of economics that examines values or judgments about what the economy should be like or what particular policy actions should be recommended to achieve a desirable goal.