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A producer expects future grain prices to escalate significantly. Their long-run expected future price, yield, and variable & total costs for irrigated wheat and
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: Variable Total Crop Price Yield/Acre Cost/Acre 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?
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Accounting for Decision Making and Control
Authors: Jerold Zimmerman
8th edition
78025745, 978-0078025747
