Answer:
D. The futures price is above the expected future spot price
Explanation:
Contango is the phenomenon in which the future prices of a commodity are higher than the current or future spot prices. This situation occurs when the commodity's price is expected to rise over time, which results in an upward sloping forward curve.
Therefore, the answer that fits the description is alternative D.
<span>the answer is 7,580.00 in both the debit and credit columns</span>
Question:
Suppose the utility function for a firm manager is U = π+ bQ, where Q is output, π is profit, and b is a positive constant. How would the firm's output compare with what it would be if the manager's objective was to maximize profit?
A. It would be greater than the profit-maximizing output.
B. It would be less than the profit-maximizing output.
C. It would be the same as the profit-maximizing output.
D. None of the statements associated with this question are correct
Answer:
The correct choice is A.
If the utility function for a firm manager is U = π + bQ, where Q is output, π is profit, and b is a positive constant. It would be greater than the profit-maximizing output.
Explanation:
Economic theory normally uses the profit maximization assumption in studying the firm just as it uses the utility maximization assumption for the individual consumer. This approach is taken to satisfy the need for a simple objective for the firm. This objective seems to be the most feasible.
The profit-maximizing firm chooses both inputs and outputs so as to maximize the difference between total revenue and total cost.
The firm will adjust variables under its control until it cannot increase profit further. Thus, the firm looks at each additional unit of input and output with respect to its effect on profit.
Cheers!
Answer:
5) Dealer
Explanation:
1) Broker: A person who arranges a transaction between two parties
2) Commission Broker: The person who executes buy and sell orders on behalf of customers.
3) Floor Broker: The person who executes buy and sell orders on the floor of an exchange and charges his fee for it.
4) Floor Trader: The person who buys and sells for his personal account and owns a trading license.
5) Dealer: An agent who buys and sells securities from inventory.
after all the calculations it should be about $20,000 flat rate