Use the Following Soybean Futures Quotes to Answer This Question

question 29

Multiple Choice

Use the following soybean futures quotes to answer this question.

-Last week,you purchased four November 08 soybean futures contracts when the price quote was 1300΄6.What is your current profit or loss on this investment?

• A) -$3,100.00
• B) -$2,625.00
• C) -$31.00
• D) $987.50
• E) $3,350.00

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Definitions:

Marginal Utilities

The supplementary utility or satisfaction received by using one more unit of a good or service.

Lemonade

A sweetened beverage made from lemon juice, water, and sugar, often associated with simple entrepreneurial ventures like lemonade stands.

Popcorn

A type of corn kernel which expands and puffs up when heated, often consumed as a snack.

Perfect Complements

Goods that are always used together in fixed proportions, such that an increase in the consumption of one necessitates an equal percentage increase in the other.