Sue just sold 1,500 American calls. This transaction:

A) Gives Sue the right to sell 1,500 shares at any time prior to the option expiration.
B) Grants Sue the right to buy 150,000 shares at any time prior to the option expiration.
C) Obligates Sue to buy 15,000 shares if the option is exercised prior to expiration.
D) Provides Sue the right to sell 150,000 shares of stock on the expiration date if she so chooses.
E) Obligates Sue to sell 150,000 shares if the option is exercised by the expiration date.

In AT&T Mobility LLC v. Concepcion , the U.S. Supreme Court held t hat the FAA preempted state law that would have prohibited the enforcement of a consumer arbitration clause requiring consumer complaints to be arbitrated individually instead of on a class-action basis.

If total utility is increasing, then marginal utility

A) must be declining.
B) must be increasing.
C) must be increasing at an increasing rate.
D) may either be increasing or decreasing, but it must be greater than zero.

The financial system coordinates investment and saving, which are important determinants of long-run real GDP.

An increase in the price of hamburger would probably result in _____ in the demand for hamburger buns.

A) a decrease
B) an increase
C) no change
D) random fluctuations

A product whose EOQ is 40 experiences a decrease in ordering cost from $90 per order to $10. The revised EOQ is

A) three times as large.
B) one-third as large.
C) nine times as large.
D) one-ninth as large.
E) cannot be determined.