A put on Sanders stock with a strike price of $31 is priced at $2 per share, while a call with a strike price of $31 is priced at $2.50. The maximum per-share loss to the writer of an uncovered put is , and the maximum per-share gain to the writer of an uncovered call is .

$29; $2.50

Explanation:

The maximum per share loss to the writer of an uncovered put; that is price of put is zero on expiration

Strike price = $31, at $2 per share

Therefore, maximum per share loss ;

($31 - 0) - $2 =

Maximum per share gain to the writer of an uncovered put occurs when the stock price falls below $31 on expiration.

Maximum per share gain equals $2.50

answer: marginal utility of the fourth brownie is 0.

explanation: marginal utility is the addtional utility gained from the consumption of one more unit of a good. it is given by,

so, marginal utility at the 4th unit will be given by

since, the values are not given here, you can simply find marginal utility at fourth unit by subtracting total utility at 3rd unit from total utility at 4th unit.