Use the Following to Answer Questions

question 69

Multiple Choice

Use the following to answer questions:
-(Figure: Comparative Advantage) Use Figure: Comparative Advantage.The opportunity cost of producing one box of peaches for Eastland is _____ box(es) of oranges.

• A) 1
• B) 0.25
• C) 4
• D) 10

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Definitions:

Treasury Stock

Shares of a company's own stock that it has repurchased from shareholders and can hold, reissue, or retire.

Common Stock

Represents ownership shares in a corporation, giving shareholders voting rights and a residue claim on corporate earnings in the form of dividends.

Retained Earnings

Profits that a company has earned to date, less any dividends or other distributions paid to investors, which are reinvested in the business.

Net Income

The total profit of a company after all expenses, including taxes and operating costs, have been subtracted from total revenues.