The strike price of a put option for a particular stock is $48. If the stock is selling for $45 on the expiration date, a put option on this stock has an intrinsic value of __________ per share
A) $48
B) $45
C) $3
D) $0
C
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Which of the following accounts for the largest portion of federal government spending?
A) Education B) Policing C) Infrastructure D) National defense
"Taylorism" has been described as
a. dehumanizing. b. the exploitation of labor. c. using science to increase production. d. All of the above are correct. e. Only b and c are correct.
Standby passengers on airlines who pay low rates for seats benefit from the low price. How are the airlines affected?
a. They lose, because the standby passengers do not cover the full cost of the seats. b. They gain, because the additional revenue covers the "fixed costs" of the flight. c. They lose, because the gain of the passengers must necessarily come at the expense of the airline. d. They benefit as long as the additional revenue from the passengers exceeds the marginal cost. e. Uncertain, because economic theory says nothing about this sort of situation.
Individual profit earned by Dave, the oligopolist, depends on which of the following? (i) The quantity of output that Dave produces (ii) The quantities of output that the other firms in the market produce (iii) The extent of collusion between Dave and the other firms in the market
a. (i) and (ii) b. (ii) and (iii) c. (iii) only d. (i), (ii), and (iii)