What Was the Total Price Fluctuation on One November 08

question 54

Multiple Choice

What was the total price fluctuation on one November 08 soybeans contract today?

• A)$1,537.50
• B)$1,540.00
• C)$1,612.50
• D)$1,660.00
• E)$1,682.50

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Definitions:

Net Increase

The overall rise in a particular number after all deductions or decreases have been considered.

Units of X

A term commonly used in economics and other disciplines to denote a quantity or amount of a particular good or service referred to as "X."

Utility Function

A mathematical representation of how a consumer ranks different bundles of goods such that the higher the function's value, the higher the level of satisfaction.

Price Increase

A situation where the cost of goods or services rises over a period.