A farmer has 240 acres under cultivation at the cost of $188.99 per acre. If he averages a yield of 60 bushels per acre, what profit is expected if the price per bushel is $5.67?
Correct Answer: A
Rationale: To calculate the profit, first find the total revenue: 240 acres 60 bushels/acre $5.67/bushel = $81,648. Then, calculate the total cost: 240 acres $188.99/acre = $45,357.60. Finally, subtract the cost from the revenue to find the profit: $81,648 - $45,357.60 = $36,290.40. Therefore, the expected profit is $36,290.40. Choice B, $45,357.60, is the total cost, not the profit. Choice C, $81,648, is the total revenue, not the profit. Choice D, $44,000, is an arbitrary figure and not related to the calculations provided. Thus, the correct answer is $36,290.40.