Answer: B. Openness to experience
Explanation: According to the Big Five personality factors, openness as a personality factor measures the level curiousness, imaginative and creative ability exhibited by an individual. An individual low on openness will be described as someone who would rather stick to a routine outline or experience or methodology. However, Layla fox described above could be said to exhibit high openness to experience given her will or zeal to try out new opportunities, imaginative and creative capability.
The systematic response coefficient from inflation, would result in a change in any security return of <u>3.2 βI</u>.
<u>Explanation</u>:
<em><u>Given</u></em>:
Expected rate of inflation = 3%
Actual rate of inflation = 6.2%
The change in security return can be calculated by obtaining the differences between actual and expected levels of inflation.
Change in security return= Actual rate of inflation- Expected rate of inflation
= 6.2%-3%
= 3.2%
<u>Change in security return= 3.2 βI
</u>
<u></u>
The space between the buyer’s reservation price and the seller’s reservation price is called the Total surplus.
What is reservation price for buyer?
A reserve price or reservation price is a word frequently used in auctions and refers to the lowest amount a seller will accept as a successful bid. An alternate, less well-known definition is the highest price a customer will pay for a good or service.
What is producers reservation price?
The minimal price that buyers and sellers are ready to accept in order to buy or sell a good is known as the reservation price. It is the highest price a potential buyer or consumer is willing to pay for a good; for a seller or producer, it is the lowest price they are willing to accept.
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