Use the Table for the Question(s) Below

question 64

Multiple Choice

Use the table for the question(s) below.
Consider the following stock price and shares outstanding data:

-The total market capitalization for all four stocks is closest to:

• A) $479 billion
• B) $415 billion
• C) $2,100 billion
• D) $200 billion

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Definitions:

Internet Auction

An online platform where goods and services are sold to the highest bidder through competitive bidding processes.

Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in its price.

Marginal Cost

The increase in cost that arises from the production of one additional unit of a good or service.

Urban Professionals

A group of highly educated workers who typically work in professions found in urban centers, such as finance, law, and technology.