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Price of ethanol does conversion become? attractive

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Suppose the current market price of corn is $ 3.08 per bushel. Your firm has a technology that can convert 1 bushel of corn to 3 gallons of ethanol. If the cost of conversion is $ 1.33 per? bushel, at what market price of ethanol does conversion become? attractive?

The price at which the conversion becomes attractive is ?$___ per gallon. ?(Round to the nearest? cent.)

Reference no: EM132022915

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