Suppose the current market price of corn is $3.21 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 $1.78 per bushel, at what market price of ethanol does conversion become attractive?

Answer rating: 100% (QA)

Total cost of 3 gallons of ethanol cost per bushel cost of conversion ... View the full answer