Andrea Bought Futures Contracts on 560,000 Pounds of Domestic Sugar

question 122

Multiple Choice

Andrea bought futures contracts on 560,000 pounds of domestic sugar at a price of 21.48 cents per pound. Futures contracts on sugar are for 112,000 pounds. What is the amount of Andrea's profit or loss if the price at contract expiration is 21.32?

• A) -$8,960.00
• B) -$896.00
• C) -$.80
• D) $.80
• E) $896.00

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Definitions:

Flavor Aversion Learning

A learned response where an organism avoids a food because it associates the taste with illness or discomfort.

Concurrent Interference

The prevention of learning when a stimulus intervenes between the conditioned and unconditioned stimuli or when a behavior occurs between the operant response and reinforcement.

Schedule-induced Polydipsia

An excessive drinking behavior induced by a schedule of intermittent reinforcement, often seen in laboratory animals.

Excessive Amounts

Quantities or volumes that go beyond what is normal, necessary, or reasonable.