An asphalt paving crew is used to pave a road 8,000 feet long. The road is 48 feet wide and the paving machine can pave a 12-foot-wide strip of road during each pass. The machine paves 13 lineal feet of 12-foot-wide road per minute. Two lifts of asphalt are needed to pave the road. After completing a pass, it takes the crew 15 minutes to turn the paving machine around and get ready for the next pass. The crew consists of a foreperson, seven operators, and one laborer. Using the system efficiency of 45 minutes per hour, determine the number of labor hours required to place 1 lineal foot of road 12 feet wide.

Profits from using currency options and futures. on july 2, the two-month futures rate of the mexican peso contained a 2 percent discount (unannualized). there was a call option on pesos with an exercise price that was equal to the spot rate. there was also a put option on pesos with an exercise price equal to the spot rate. the premium on each of these options was 3 percent of the spot rate at that time. on september 2, the option expired. go to the oanda. com website (or any site that has foreign exchange rate quotations) and determine the direct quote of the mexican peso. you exercised the option on this date if it was feasible to do so. a. what was your net profit per unit if you had purchased the call option? b. what was your net profit per unit if you had purchased the put option? c. what was your net profit per unit if you had purchased a futures contract on july 2 that had a settlement date of september 2? d. what was your net profit per unit if you sold a futures contract on july 2 that had a settlement date of september 2