Match the following Question 2 options: Alfred Chandler, Jr. First mover advantage Planned obsolescence Thorstein Veblen Alfred Marshall The rule of reason Economies of throughput ('economies of speed') 1. Economist who observed that 'invention is the mother of necessity' 2. Economist whose Principles of Economics marked the theoretical separation of politics and economics 3. Economic historian who wrote The Visible Hand: The Managerial Revolution in American Business 4. Realizing lower costs by maintaining a high speed and volume of flow from raw materials to finished goods 5. The competitive edge a business gets from being the first to adopt a new technology which will become the standard 6. Designing a product to have a limited useful life in order to encourage future sales 7. The rule developed by the Supreme Court to make the Sherman Act workable in an era in which businesses were organizationally and technologically compelled to restrain trade

Suppose that xtel currently is selling at $40 per share. you buy 500 shares using $15,000 of your own money, borrowing the remainder of the purchase price from your broker. the rate on the margin loan is 8%. a. what is the percentage increase in the net worth of your brokerage account if the price of xtel immediately changes to (a) $44; (b) $40; (c) $36? (leave no cells blank - be certain to enter "0" wherever required. negative values should be indicated by a minus sign. round your answers to 2 decimal places.) b. if the maintenance margin is 25%, how low can xtel’s price fall before you get a margin call? (round your answer to 2 decimal places.) c. how would your answer to requirement 2 would change if you had financed the initial purchase with only $10,000 of your own money? (round your answer to 2 decimal places.) d. what is the rate of return on your margined position (assuming again that you invest $15,000 of your own money) if xtel is selling after one year at (a) $44; (b) $40; (c) $36? (negative values should be indicated by a minus sign. round your answers to 2 decimal places.) e. continue to assume that a year has passed. how low can xtel’s price fall before you get a margin call? (round your answer to 2 decimal places.)