$$\begin{array} { c c } \text { Output } & \text { Price } \\\hline 1 & \$ 30 \\2 & \$ 27 \\3 & \$ 24 \\4 & \$ 21 \\5 & \$ 18\end{array}$$

question 122

Multiple Choice

$$\begin{array} { c c } \text { Output } & \text { Price } \\\hline 1 & \$ 30 \\2 & \$ 27 \\3 & \$ 24 \\4 & \$ 21 \\5 & \$ 18\end{array}$$
-The marginal revenue that would be derived from producing a fourth unit of output is

• A)$30
• B)$24
• C)$21
• D)$18
• E)$12

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Definitions:

Put Contract

A financial contract giving the holder the right, but not the obligation, to sell a specific amount of an underlying asset at a set price within a specified time.

Put Premium

A Put Premium is the price that the buyer of a put option pays to have the right to sell a specified amount of an underlying asset at a set price before the option expires.

Maximum Profit

The greatest possible gain that can be achieved from an investment, taking into account its cost and potential return.

Premium

An amount paid in excess of the face value or regular price, often associated with insurance costs, bonds above par value, or superior quality.