Answer and Explanation:
The computation of the maximum profit and the loss for the position is as follows:
Maximum profit is
= Call option strike price + Call price - Purchase price - Put price
= $54 + $0.85 - $45 - $0.85
= $9.00
And,
Maximum loss = - Purchase price - Put price + Put option strike price + Call price
= - $45 - $0.85 + $41 + $0.85
= - $4.00
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
Yes, she made an effort to come to the store and give information that was for the store's use.
Explanation:
In our case, it was mandatory for the people if they want to participate in the drawing then they have to be present at the store by noon and complete a form by writing personal information in it. So, as Joy has won the drawing so she went to the store and gave the required personal information to the store.
- Other options like A is not valid here as it states that she has given no consideration for prize if she didn't then how she won it?
- Option B is not valid as it was not mandatory to purchase an item from one of the "fashion consultants" to win the prize.
- Option D is not valid here as only visiting the store was not enough to win the prize as we have to give our personal information also by filling a form.
Answer: A customs union requires all members to have a common external trade policy with non-union members.
Explanation: The feature that differentiates a customs union from a free trade area is that a customs union requires all members to have a common external trade policy toward non members. Free trade areas are permitted to negotiate different tariffs with different countries, contrary to the operation of customs unions.
The examples of firms and the goods they produce in the following market systems are:
Perfect competition- Foreign exchange markets.
Currency
Oligopoly - Auto Industry.
Cars.
Monopoly - Providers of water.
Water
Monopolistic competition - Restaurants
Food
Effective competition- Supermarkets
Wide range of products
<h3>What is Monopoly?</h3>
This refers to the situation where one business has total control of a market share and has no competition in the market.
Read more about monopoly here:
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