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if the cost of plaster and labor were $5 per gnome and everything else is as in the problem (gnome molds cost $1,000, interest rate is 10%) , what is the lowest price of gnomes at which there would be a positive supply in the long run?
Earnings Per Share
A company's profit divided by the number of outstanding shares of its common stock.
Common Stockholders' Equity
The portion of the equity of a corporation attributable to common shares, including retained earnings and contributed capital.
Weighted-Average Shares
The number of shares outstanding adjusted for changes in share capital, used in calculating earnings per share over a reporting period.
Retained Earnings Statement
A financial statement that outlines the changes in retained earnings for a company over a specific period.
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