The Change in the Option Symbol Quotation System Was Driven

question 2

Multiple Choice

The change in the option symbol quotation system was driven by which of the following?
I. Advances in technology
II. Increase in the number and type of option products
III. Difficulty in applying the old system to NASDAQ stocks
IV. Difficulty in applying the system to complicated option products

• A)I, II, III, and IV
• B)II, III, and IV
• C)I, II, and IV
• D)II and III
• E)I, II and III

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Definitions:

Marginal Utility

The additional satisfaction or utility that a consumer gains from consuming one more unit of a good or service.

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount they actually pay.

Water-Diamond Paradox

The water-diamond paradox questions why diamonds are more valuable than water, despite water being essential for life and diamonds not, illustrating subjective value in economics.

Marginal Utility

The additional satisfaction or utility that a consumer receives from consuming one more unit of a good or service.