Converting corn into ethanol is most profitable when there is/are:
a. High ethanol prices and low corn prices
b. Low ethanol prices and low corn prices
c. Low ethanol prices and high corn prices
d. When the amount of ethanol produced approaches the limits of the amount required in production of gasoline blended with 10% ethanol (the current "blend wall")
e. Restricted expansion of ethanol production capacity
a. High ethanol prices and low corn prices
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Which of the following variables is not needed to determine the break-even quantity?
a. Marginal costs b. Fixed Costs c. Selling Price d. Average Costs
The dramatic rise in the dollar between 1981 and 1986 was the result of a(n)
a. a tight monetary and a tight fiscal policy. b. an expansive monetary and an expansive fiscal policy. c. an expansive monetary and a tight fiscal policy. d. a tight monetary and an expansive fiscal policy.