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

question 38

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 variable cost for switchgrass farmers is $40 per ton and the current price is $35 per ton, in the long run the switchgrass farmer will

• A) exit the industry.
• B) operate and lose money.
• C) make a positive economic profit.
• D) make a zero economic profit.

---

Definitions:

Erik Erikson

A developmental psychologist famous for his theory on the psychosocial development of human beings.

Resilience

The capacity to adapt well to significant adversity and to overcome serious stress.

Dynamic

Characterized by constant change, activity, or progress, often used to describe processes or systems that are not static.

Over Time

The progression or development of something as duration passes.