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elf_fu elf_fu
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6 years ago
To plant and harvest 20,000 bushels of corn, Farmer Jayne incurs fixed and variable costs totaling $33,000. The current spot price of corn is $1.80 per bushel. What is the profit or loss if the spot price is $1.90 per bushel when she harvests and sells her corn?
A) $3,000 gain
B) $3,000 loss
C) $5,000 gain
D) $5,000 loss
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Derivatives Markets

Derivatives Markets


Edition: 3rd
Author:
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phuongha2892phuongha2892
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6 years ago
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elf_fu Author
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6 years ago
Thank you phuongha2892
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