Question: Part H (4 Points) - advice: do not overthink your answers 1) A lady walks in the store and steals $100 bill from the register

 Part H (4 Points) - advice: do not overthink your answers

Part H (4 Points) - advice: do not overthink your answers 1) A lady walks in the store and steals $100 bill from the register without the owner's knowledge. She comes back 5 min later and buys $70 worth of goods with the $100 bill. The owner gives her $30 in change. How much did the owner lose and explain why you think so? a) $30 b) $70 $100 $130 e) $170 f) $200 2) A man who has some money, buys a goat for $60. Then sells it for $70. Then buys it back for $80 and sells it again for $90. A) How much did he make and provide your reasoning? B) Which would have been the optimum trading strategy, if he had known the movements of the goat's market price beforehand and how much money would have made using this strategy

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!