What is the 3-year swap price on corn? Assume interest rates over the next 3 years are 2.0%, 2.5%, and 2.8%. The prepaid swap price is given as $15.50

In order to increase the net profit of a business, the NMC of any proposed strategy must ________

A) be equal to the current NMC B) be equal to the difference of the current NMC and the marketing and sales expenses C) be equal to the total operating income D) be lower than the current NMC E) exceed the current NMC

If a firm wishes to maximize profit, which of the following objectives are in conflict?

I. Maximize customer service. II. Minimize production costs. III. Minimize inventory costs. IV. Minimize distribution costs. A) I and III only B) II and III only C) I, II and III D) I and II only