Which of the following is true for a call option on a non-dividend-paying stock? If the option is at the money (stock price equals strike price) it must have a delta of 0.5 If the strike price equals the forward price of the stock, it must have a delta of 0.5 If the option has a delta of 0.5, it must be out of the money If the option has a delta of 0.5, it must be in of the money

Answer the following questions with true or false and provide a brief explanation (2- 3 sentences) a) economies of scale in production give rise to multi-product firms. b) ace hardware corporation is an example of economies of scale in production.

Turtle corporation produces and sells a single product. data concerning that product appear below: per unit percent of sales selling price $ 150 100 % variable expenses 75 50 % contribution margin $ 75 50 % the company is currently selling 5,600 units per month. fixed expenses are $194,000 per month. the marketing manager believes that a $5,300 increase in the monthly advertising budget would result in a 190 unit increase in monthly sales. what should be the overall effect on the company's monthly net operating income of this change?

How is the role of government determined in the american free enterprise system?