Suppose the current market price of corn is $ 3.08 per bushel. Your firm has a technology that can convert 1 bushel of corn to 3 gallons of ethanol….

Published by admin at October 4, 2023

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10. Suppose the current market price of corn is $ 3.08 per bushel. Your firm has a technology that can convert 1 bushel of corn to 3 gallons of ethanol. If the cost of conversion is $ 1.33 per bushel, at what market price of ethanol does conversion become attractive?

The price at which the conversion becomes attractive is $___ per gallon. (Round to the nearest cent.)

Suppose the current market price of corn is $ 3.08 per bushel. Your firm has a technology that can convert 1 bushel of corn to 3 gallons of ethanol….

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