For questions 1-4, use the following: You buy a call option on Apple with a strike of 270 that expires in two weeks. This option costs you $4. At the end of expiration day, what is the lowest Apple’s price could be for you to rationally decide to exercise the option? Selected 270 Question 2 1 out of 1 points Correct If Apple’s price at time of option expiration is $273, what is your Payoff on the option position? Selected 3 Question 3 1 out of 1 points Correct If Apple’s price at time of option expiration is $273, what is your Profit on the option position?

What do economists mean when they use the latin expression ceteris paribus?

Acorporation a. can use different depreciation methods for tax and financial reporting purposes b. must use the straight - line depreciation method for tax purposes and double declining depreciation method financial reporting purposes c. must use different depreciation method for tax purposes, but strictly mandated depreciation methods for financial reporting purposes d. can use straight- line depreciation method for tax purposes and macrs depreciation method financial reporting purposes

Suppose farmer lane grows and sells cotton in a perfectly competitive industry. the market price of cotton is $1.64 per kilogram, and his marginal cost of production is $1.44 per kilogram, which increases with output. assume farmer lane is currently earning a profit. can farmer lane do anything to increase his profit in the short run? farmer lane: a. cannot do anything to increase his profit. b. may or may not be able to increase his profit. c. can increase his profit by raising his price. d. can increase his profit by producing more output. e. can increase his profit by shutting down.