Recall the Application About the Break-Even Price for Growing Switchgrass

question 97

Multiple Choice

Recall the Application about the break-even price for growing switchgrass, a perennial grass that is native to the U.S. plains states and is used to create biofuel, to answer the following question(s) .
-Recall the Application.If the minimum average total cost for switchgrass farmers is $55 per ton and the minimum average variable cost is $30 per ton,then at a price of $20 per ton in the short run the switchgrass farmer will

• A) shut down, that is bring no switchgrass to market.
• B) operate and lose money.
• C) make a zero economic profit.
• D) make a positive economic profit.

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