Assume your fixed cost is $250/acre, the variable cost per bushel is $1.22, and you produce 65 bushels/acre.
A. If the price you receive per bushel is $3.83, what is your profit per acre?
B. If the price you receive per bushel is $3.83, what is your breakeven quantity per acre?
C. If you produce 65 bushels/acre, what is your breakeven price per bushel?