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5. You just planted soybeans and historically you have yielded 35 bushels of soybeans per acre. The elevator is offering S9.60 per bushel for your
5. You just planted soybeans and historically you have yielded 35 bushels of soybeans per acre. The elevator is offering S9.60 per bushel for your soybeans. If your fixed costs are S116 per acre, based on the elevator's output price, what is your breakeven variable costs per acre for the soybeans you planted? (Show your work, round the final answer to two decimal places)
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