An item reaches ________ when it is no longer useful or desirable

After completing the simulation, determine his total revenue for the ten days as well as monetary losses that result from unmet demand and unsold papers

Use the information and random numbers given in the table below to simulate the sale of newspapers for 10 days. Day Demand Random Number Quantity Ordered Sales Unsatisfied Demand Unsold Papers 1 .78 18 2 .43 3 .93 4 .87 5 .48 6 .84 7 .87 8 .27 9 .20 10 .52

Which of the following is true for a September futures option?

A. The expiration month of option is September B. The option was first traded in September C. The delivery month of the underlying futures contract is September D. September is the first month when the option can be exercised