Farmer brown grows number 1 red corn and would like to hedge the value of the coming harvest. however, the futures contract is traded on the number 2 yellow grade of corn. suppose that yellow corn typically sells for 94% of the price of red corn. if he grows 178,600 bushels, and each futures contract calls for delivery of 5,000 bushels, how many contracts should farmer brown buy or sell to hedge his position? (round your final answer to the nearest whole number.)

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

Can you choose anything?