What Is the Highest Price at Which the May Coffee

question 39

Multiple Choice

What is the highest price at which the May coffee futures contract traded during this day?
$\begin{array}{lrr}&\text { Contract } & \text { High }& \text { Low }& \text { Close}& \text { Chg }\\\text { May, Coffee, }& 37,500 \text { lbs., cents } & 138.00& 135.50 & 137.15 & 2.20\\ \text { per I b } &\\\text { Dec, Cotton, }&\text { 50,000 lbs., cents } & 80.59 & 78.85 & 80.63 & .27\\ \text {per I b } &\\\end{array}$

• A)$1.3715
• B)$1.3800
• C)$137.15
• D)$138.00
• E)$140.20

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Definitions:

Productively

In a manner that results in a high degree of effectiveness or efficiency in producing desired outcomes.

Fully Utilizing

Making the most efficient use of resources, assets, or capacities to achieve their maximum potential output or productivity, often in the context of manufacturing processes or economic production.

Labor Force

The total number of people who are available to work, including both the employed and those seeking employment.

Production Possibility Frontier

A curve depicting all maximum output possibilities for two or more goods given a set of inputs (resources, labor, etc.), assuming all are efficiently used.