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Economics

Assume your fixed cost is $250/acre, the variable cost per bushel is $1.22, and you produce 65 bushels/acre.

A. If the price you receive per bushel is $3.83, what is your profit per acre?

B. If the price you receive per bushel is $3.83, what is your breakeven quantity per acre?

C. If you produce 65 bushels/acre, what is your breakeven price per bushel?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91708530

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