Other things equal, which of the following will have the most elastic own-wage elasticity of demand? A) A steel firm with one plant in California. B) All steel firms in California. C) All steel firms in the United States. D) All steel firms in the world.

Stosch company's balance sheet reported assets of $112,000, liabilities of $29,000 and common stock of $26,000 as of december 31, year 1. if retained earnings on the balance sheet as of december 31, year 2, amount to $74,000 and stosch paid a $28,000 dividend during year 2, then the amount of net income for year 2 was which of the following? a)$23,000 b) $35,000 c) $12,000 d)$42,000