{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

lectur8-page29 - pigs to feed out to slaughter You check...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
What is the opportunity cost of feeding farm raised grain to hogs? u The value of the corn if sold in the open market. Assume the Accounting (production)cost of corn = $2.50 / bushel Assume the Current market price of corn = $3.50 / bushel Let us assume that you are harvesting your corn crop for the season and are considering selling the corn in the current cash market, or buying some feeder
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: pigs to feed out to slaughter. You check your accurate farm records and determine that it has cost you $2.50 per bushel to grow this corn crop. Assume the current cash market price for corn is $3.50 per bushel. If you hold the corn and feed it to hogs, what does each bushel of corn fed cost you?...
View Full Document

{[ snackBarMessage ]}