Questions

The chemical name of common is sodium chloride. Its chemical formula is NaCl.

The chemical name of common salt is Sodium Chloride with a chemical formula NaCl.

Assessing opportunity cost involves making choices and dealing with consequences.

A pulse is an edible seed that grows in a pod. Pulses include all beans, peas, and lentils.
Pulses are a great source of protein.

This means they can be particularly important for people who do not get protein by eating meat, fish or dairy products.

However, pulses can also be a healthy choice for meat-eaters. You can add pulses to soups, casseroles and meat sauces to add extra texture and flavor. This means you can use less meat, which makes the dish lower in fat and cheaper.

Analog synthesis uses a mixture of complex sounds that are shaped by filtering. It is based on representing data in terms of measurable physical quantities, in this case sound waves.

A practice to learn something is a Lesson.

Hedging is a tool to minimize the risks. It is thus like an 'insurance' where one pays a premium but gets an assured amount in case of some uncertain event to the extent of the loss actually suffered on an equally opposite position for which the hedge was done. Thus, hedger is different from arbitrageur and speculators, as the intention here is not to maximize the profit but to minimize the loss.

E.g. In Capital Markets, suppose an investor has an equity portfolio of Rs. 2 lacs and the portfolio consists of all the major stocks of NIFTY. He thinks the market will improve in the long run but might go on a downside in the shortrun. NIFTY today stands at 4300. To minimize the risk of downfall, he enters into an option contract by buying NIFTY-PUT of strike 4300 at a premium of, say, Rs. 100. Thus, the actual amount paid is Rs. 5,000(lot size of NIFTY is 50). Also, the number of NIFTY-PUTs to be bought will vary on the beta of the portfolio so as to completely hedge the positon.