2. the shirt factory purchased 10 futures contracts on cotton at a quoted price of 71.14 as a hedge against its inventory needs. at the time it actually needed the cotton, the spot price was 71.56. cotton futures are based on 50,000 pounds and quoted in cents per pound. how much did the shirt factory save by hedging cotton? (2 points)

As a result of a labeling mistake at the chemical factory, a farmer accidentally sprays weedkiller rather than fertilizer on half her land. as a result, she loses half of her productive farmland. if the property of diminishing returns applies to all factors of production, she should expect to seea. a decrease in the marginal productivity of her remaining land and an increase in the marginal productivity of her labor. b. an increase in the marginal productivity of her remaining land and an increase in the marginal productivity of her labor. c. an increase in the marginal productivity of her remaining land and a decrease in the marginal productivity of her labor. d. a decrease in the marginal productivity of her remaining land and a decrease in the marginal productivity of her labor.