1. A producer expects future grain prices to escalate significantly. Their long-run expected future price, yield, and variable & total costs for irrigated wheat and corn are: Crop Price Yield/Acre Variable Cost/Acre Total Cost/Acre Wheat $8.00/bu 80 bu $218 $357 Corn $5.80/bu 190 bu $395 $572 a. What is the per acre gross margin for wheat?___________________________________ b. What is the per acre gross margin for corn? _____________________________________