You are cautiously bullish on the common stock of the wildwood corporation over the next several months. the current price of the stock is $62 per share. you want to establish a bullish money spread to limit the cost of your option position. you find the following option quotes: wildwoood corp underlying stock price: $62.00 expiration strike call put june 57.00 9.70 3.20 june 62.00 5.10 4.20 june 67.00 2.60 8.70 ignoring commissions, the cost to establish the bull money spread with calls would be:

Suppose that a paving company produces paved parking spaces (q) using a fixed quantity of land (t) and variable quantities of cement (c) and labor (l). the firm is currently paving 1,000 parking spaces. the firm's cost of cement is $3 comma 600.003,600.00 per acre covered (c) and its cost of labor is $35.0035.00/hour (w). for the quantities of c and l that the firm has chosen, mp subscript upper c baseline equals 60mpc=60 and mp subscript upper l baseline equals 7mpl=7. is this firm minimizing its cost of producing parking spaces?