Carl is a farmer who goes through a farm and ranch management seminar with a heavy focus on "break even."

He calculates his lowest cost of production for corn is $$3\mathrm{.}50,$ IF he excludes fixed costs. If Carl includes fixed costs, his lowest cost of production is $$6\mathrm{.}50/$bu$.$

The seminar leader tells Carl he should consider using his resources for a different product, but Carl replies, "nah, those fixed costs are mostly non$-$cash, and I like farming, so I'll continue."

True or false, it is completely possible $($and realistic$)$ that Carl can produce corn indefinitely, $"$at a loss."

Group of answer choices

True

False