Standard model of consumer choice
To model the individual's choice of the number of medical goods to consumer, carefully describe two important differences between Frossman's model of health consumption and the standard model of consumer choice from intermediate microeconomics
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ABC, Inc. has 1,000 shares of 5%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2011. What is the annual dividend on the preferred stock?
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