Carter purchased 100 shares of stock for $50 per share. ten years later, carter died on february 1 and bequeathed the 100 shares of stock to a relative, boone, when the stock had a market price of $100 per share. one year later, on april 1, the stock split 2 for 1. boone gave 100 shares of the stock to another of carter's relatives, dixon, on june 1 that same year, when the market value of the stock was $150 per share. what was dixon's basis in the 100 shares of stock when acquired on june 1?

Until recently, hamburgers at the city sports arena cost $4.70 each. the food concessionaire sold an average of 13 comma 000 hamburgers on game night. when the price was raised to $5.40, hamburger sales dropped off to an average of 6 comma 000 per night. (a) assuming a linear demand curve, find the price of a hamburger that will maximize the nightly hamburger revenue. (b) if the concessionaire had fixed costs of $1 comma 500 per night and the variable cost is $0.60 per hamburger, find the price of a hamburger that will maximize the nightly hamburger profit.