Answer: $670
Explanation:
Since the quoted price of $.35, the cost to purchase two WXO 30 call option will be: = $0.35 × 2 = $0.70
Then, the price of RADM 30 call option contract will be calculated as;
= $33.7 - $30
= $3.70
The net gain on one RADM 30 call option will then be:
= $3.70 - $0.35
= $3.35.
Therefore, the net gain on 2 RADM30 call options will be:
= $3.35 × 2
= $6.70
Since there are 100 shares in a option contract, the gain will be:
= $6.70 × 100
= $670
Answer:
Grandmother should purchase 2 units of both products
Explanation:
Let's denote
MU = Marginal utility
P = Price
Q = Quantity
The Utility will be maximum when both unit's MU/P is equal
Product A
Q MU P MU/P
1 80 $5 16
2 40 $5 8
3 30 $5 6
4 15 $5 3
5 7 $5 1.4
6 6 $5 1.2
7 5 $5 1
8 3 $5 0.6
Product B
Q MU P MU/P
1 30 $2 15
2 16 $2 8
3 15 $2 7.5
4 14 $2 7
5 13 $2 6.5
6 12 $2 6
7 11 $2 5.5
8 10 $2 5
As you can see above MU/P is same when grandma purchase 2 product each to maximize utility.
Answer:
All the amount in her account
Explanation:
It is important to let concern authority known regarding a stolen debit card before it has been used. In this case, Irene had to no idea that her card has been stolen, so Irene's potential maximum liability is the total amount in her account. The bank is not liable because she did not convey this news to the bank earlier.