C. The CEO of Diamond Corp. hires a market research firm to learn more about the characteristics of consumers in the market for diamonds. The report concludes that, among the people who demand diamonds and are willing to pay for them, 7 people have a willingness to pay $650 or more per diamond, 5 people have a willingness to pay between $400 and $649.99 per diamond, and the rest of the people have a willingness to pay of less than $400. The marketing firm also provides one more important piece of information: the 5 people who have a willingness to pay between $400 and $649.99 are all senior citizens (i. e. they are 65 years of age or older). How could the CEO of Diamond Corp. use this information to increase Diamond Corp.’s profits above the level you calculated in part (b)? [TYPE YOUR ANSWER BELOW] The CEO of Diamond Corp. can increase profits by using Price Differentiation.

Profits from using currency options and futures. on july 2, the two-month futures rate of the mexican peso contained a 2 percent discount (unannualized). there was a call option on pesos with an exercise price that was equal to the spot rate. there was also a put option on pesos with an exercise price equal to the spot rate. the premium on each of these options was 3 percent of the spot rate at that time. on september 2, the option expired. go to the oanda. com website (or any site that has foreign exchange rate quotations) and determine the direct quote of the mexican peso. you exercised the option on this date if it was feasible to do so. a. what was your net profit per unit if you had purchased the call option? b. what was your net profit per unit if you had purchased the put option? c. what was your net profit per unit if you had purchased a futures contract on july 2 that had a settlement date of september 2? d. what was your net profit per unit if you sold a futures contract on july 2 that had a settlement date of september 2

Contrast two economies that transitioned to capitalism and explain what factors affected the ease kf their transition as welas the “face” of capitalism that each has adopted

Label each of the following statements true, false, or uncertain. explain your choice carefully. a. workers benefit equally from the process of creative destruction. b. in the past two decades, the real wages of low-skill u. s. workers have declined relative to the real wages of high-skill workers. c. technological progress leads to a decrease in employment if, and only if, the increase in output is smaller than the increase in productivity. d. the apparent decrease in the natural rate of unemployment in the united states in the second-half of the 1990s can be explained by the fact that productivity growth was unexpectedly high during that period.