Question: ) Given the expected yields and costs, what are simple break-even prices (rounded to whole cents) for: Corn? Soybean? Wheat? Given the expected prices and

) Given the expected yields and costs, what are

1. ) Given the expected yields and costs, what are simple break-even prices (rounded to whole cents) for:
1. Corn?
1. Soybean?
1. Wheat?

1. Given the expected prices and costs, what are simple break-even yields (rounded to whole bushels) for:
1. Corn?
1. Soybean?
1. Wheat?

The table below shows expected price, yield, variable costs, and fixed costs for a Michigan cash grain farm. Corn Soybean Wheat 3 12 6 REVENUE Price ($/bushel) Yield (bushels/acre) Total Revenue 174 37 87 375 325 VARIABLE COSTS FIXED COSTS Total Costs 270 135 120 130 NET RETURN a. (6) Fill in the missing information on the above table

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