An expiration date payoff and profit diagram for forward positions illustrates A) Gains and losses are usually small
B) The payoffs to both long and short positions in the forward contract are asymmetrical around the contract price
C) Forward contracts are zero-sum games
D) Long positions benefit from falling prices
E) None of the above

Andy purchases only two goods, apples (a) and kumquats (k). he has an income of $125 and can buy apples at $5 per pound and kumquats at $5 per pound. his utility function is u(a, k) = 6a + 2k. what is his marginal utility for apples and his marginal utility for kumquats? andy's marginal utility for apples (mu subscript a) is mu subscript aequals 6 and his marginal utility for kumquats (mu subscript k) is