Assume you are a wheat farmer in north central kansas you, Ask an Expert

Economics

Assume you are a wheat farmer in North Central Kansas, you have fixed costs per acre of $84, variable cost per bushel is $3.64, and you produce 56 bushels per acre.

-What is your total variable cost per acre?

-What is your total cost per acre?

-If the price you receive is $4.90/bushel, what is your revenue?

-If the price you receive is $4.90/bushel, what is your profit?

-If the price you receive is $4.90/bushel, what is your break-even quantity?

-If you produce 56 bushels per acre, what is your breakeven price?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91707401

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