Question
Cool Corn Co. had a yield of 180 bushels/acre of irrigated corn last year. It received $3.95/bushel. Its total variable costs and fixed costs were
Cool Corn Co. had a yield of 180 bushels/acre of irrigated corn last year. It received $3.95/bushel. Its total variable costs and fixed costs were $670 and $191 respectively. Use this information to answer questions 1-6.
What is the breakeven yield to cover total cost for the enterprise unit if the price of corn increased to $4.10/bushel?
What is the breakeven price to cover total cost for the enterprise unit (in $/acre) if the expected yield increased to 220 bushels/acre?
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Management Fundamentals Concepts, Applications and Skill Development
Authors: Robert N. Lussier
7th edition
978-1506332109, 1506332102, 1506303277, 978-1506333281, 1506333281, 978-1506303291, 1506303293, 978-1506303277
