What action did the owner of the position illustrated above take in the futures or options market?

One of the most crucial ideas in macroeconomics is understanding that:

A. zero unemployment is the best way to achieve economic growth. B. measuring total expenditures or total income both equal total production of an economy. C. prolonging economic downturns can be prolonged by fiscal policy. D. GNP is the most commonly used measurement of total production.

The minimum efficient scale of production is the level of production required for the

A. variable cost curve to reach its minimum. B. average cost curve to reach its minimum. C. long run average curve to reach its minimum. D. marginal cost curve to reach its minimum.