Question: please solve it in 20 mins I will thumb you up Question 16 You are looking to purchase a bride in the next year for


please solve it in 20 mins I will thumb you up
Question 16 You are looking to purchase a bride in the next year for a relative and are forecasting prices. The chart shows the current spot price for brides (B) in terms of sheep (S) Current Spot Current Forward Forecast 1 Forecast 2 Actual Future spot $100 =B1 Question 17 S85= B1 595 =B1 S80 B1 S75 = B1 If you believe forecast 1 and act accordingly your earnings are sheep relative to the actual future spot rate when you observe it in one year. In Medieval Ireland there was a system of honor. If you gave offense - such as inventing an embarrassing nickname for someone and it catching on, or humiliating the person through satire - you Question 17 In Medieval Ireland there was a system of honor. If you gave offense - such as inventing an embarrassing nickname for someone and it catching on, or humiliating the person through satire - you were expected to repay the offended. Honor was quantified and recorded. Dishonoring the king, bishop or master poet was priced at seven cumal (slave girls). However, they typically were not used as currency as the slave trade mostly died out around 600AD, instead 21 milk cattle or 21 ounces of silver were used- or a fixed ER existed of seven cumal to 21 cows. A wealthy peasant's honor was 2.5 cows, a minor lord's honor was 2.5 cattle plus half a cow for each free dependent, of which he had at least five (Gaeber 2011: 171-75). Suppose you invented a humiliating nickname that catches on of a lord that amounts to a 12 cow dishonor. Furthermore, suppose that cumal were still used as honor payments at this time. How many cumal is your dishonor worth? Question 18 Suppose an old form of Mad Cow Disease breaks out and kills half of all cattle (or a 50% cattle deflation); whereas only 10% of the human population dies (a 10% cumal deflation). This means that cumal should relative to cattle. O depreciate 2 pts A O appreciate 2 pts
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