What Is the Current Value of the Open Interest in the October

question 196

Multiple Choice

What is the current value of the open interest in the October futures contract on cotton?

• A) $2.820 million
• B) $2.853 million
• C) $100.815 million
• D) $101.977 million
• E) $178.750 million

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Definitions:

Total Cost

The sum of all expenses incurred in the production of goods or services, including fixed and variable costs.

Total Variable Cost

The overall expense that varies with production output, including costs like labor and raw materials.

Total Cost

The sum of all expenses, variable and fixed, incurred in producing goods or services.

Average Fixed Cost

The total fixed costs of production divided by the quantity of output produced, typically decreasing as production scale increases.