A Firm Has Contracted to Supply 500,000 Gallons of Propane

question 62

Multiple Choice

A firm has contracted to supply 500,000 gallons of propane fuel for $1.46 million to the local municipality. The municipality wants to break the contract. What does the minimum current market price of propane need to be in order for the firm to benefit from breaking the contract?

• A) greater than $2.90 per gallon
• B) greater than $2.92 per gallon
• C) greater than $2.94 per gallon
• D) greater than $2.96 per gallon

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Definitions:

Flat Affect

An emotional state characterized by a lack of visible emotional expression or response, often seen in certain psychiatric disorders.

Positive Symptoms

Manifestations in conditions such as schizophrenia, including hallucinations or delusions, which represent an excess or distortion of normal functions.

Major Depressive Disorder

A mood disorder characterized by a persistent feeling of sadness and loss of interest, affecting one's thoughts, behavior, feelings, and sense of well-being.

Seasonal Affective Disorder

A type of depression that's related to changes in seasons, typically starting in the late fall and early winter and going away during the spring and summer.