Kallie placed an order with her broker to purchase 500 shares of each of three IPOs that are being released this month. Each IPO has an offer price of $19 a share. The number of shares allocated to Kallie, along with the closing stock price at the end of the first day of trading for each stock, are as follows:Stock Shares Allocated End of Day 1 PriceA 180 $21.10B 500 $15.50C 100 $28.60What is her total profit or loss on these three stocks as of the end of the first day of trading for each stock?a. $1,370b. -$236c. -$412d. $133e. -$540

In which of the following games is it clearly the case that the cooperative outcome of the game is good for the two players and bad for society? a. two oil companies own adjacent oil fields over a common pool of oil, and each company decides whether to drill one well or two wells.b. two airlines dominate air travel between city a and city b, and each airline decides whether to charge a "high" airfare or a "low" airfare on flights between those two cities.c. two superpowers decide whether to build new weapons or to disarm.d. in all of the above cases, the cooperative outcome of the game is good for the two players and bad for society