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

question 63

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 $40 per ton, then at a price of $35 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.

---

Definitions:

Gardner Multiple Intelligences

A theory proposed by Howard Gardner suggesting that human intelligence is composed of a range of different kinds of "intelligences" including linguistic, logical-mathematical, musical, bodily-kinesthetic, spatial, interpersonal, intrapersonal, and naturalist.

Bodily-Kinesthetic

An intelligence type described by Howard Gardner which highlights the capacity to control physical motion and handle objects skillfully.

Culturally Valued Products

Products, services, or practices that hold significant importance within a specific culture, often embodying the values, traditions, or social norms of that culture.

Howard Gardner

An American developmental psychologist best known for his theory of multiple intelligences, which suggests that there are various distinct types of intelligence.