If the value of a crop is $31 per bushel and a production practice costs $11.50 per acre, which of the following yield increases would make the production profitable?

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Multiple Choice

If the value of a crop is $31 per bushel and a production practice costs $11.50 per acre, which of the following yield increases would make the production profitable?

Explanation:
To determine which yield increases would make the production practice profitable, we need to calculate the additional revenue generated by each yield increase option and compare that to the cost of the practice. The cost of the production practice is $11.50 per acre. 1. For an increase of 2 bushels per acre, the additional revenue would be: - 2 bushels/acre x $31/bushel = $62.00 per acre. - Profit = $62.00 - $11.50 = $50.50 per acre (profitable). 2. For an increase of 3 bushels per acre, the additional revenue would be: - 3 bushels/acre x $31/bushel = $93.00 per acre. - Profit = $93.00 - $11.50 = $81.50 per acre (profitable). 3. For an increase of 4 bushels per acre, the additional revenue would be: - 4 bushels/acre x $31/bushel = $124.00 per acre. - Profit = $124.00 - $11.50 = $112.50 per acre (profitable

To determine which yield increases would make the production practice profitable, we need to calculate the additional revenue generated by each yield increase option and compare that to the cost of the practice.

The cost of the production practice is $11.50 per acre.

  1. For an increase of 2 bushels per acre, the additional revenue would be:

  • 2 bushels/acre x $31/bushel = $62.00 per acre.

  • Profit = $62.00 - $11.50 = $50.50 per acre (profitable).

  1. For an increase of 3 bushels per acre, the additional revenue would be:

  • 3 bushels/acre x $31/bushel = $93.00 per acre.

  • Profit = $93.00 - $11.50 = $81.50 per acre (profitable).

  1. For an increase of 4 bushels per acre, the additional revenue would be:

  • 4 bushels/acre x $31/bushel = $124.00 per acre.

  • Profit = $124.00 - $11.50 = $112.50 per acre (profitable

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