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In 2004, a USDA report found that co-products accounting made the difference between energy ratios of 1.06 and 1.67. [9] [10] In 2006, MIT researcher Tiffany Groode came to similar conclusions about the co-product issue. [11] In Brazil where sugar cane is used, the yield is higher, and conversion to ethanol is more energy efficient than corn.
The sector must consider opportunity costs in decisions related to the allocation of scarce resources, premised on improving the health of the population. [26] However, the opportunity cost of implementing policies to the sector has limited impact in the health sector.
According to a Reuters article, "Analysts, including some in the ethanol sector, say ethanol demand adds about 75 cents to $1.00 per bushel to the price of corn, as a rule of thumb. Other analysts say it adds around 20 percent, or just under 80 cents per bushel at current prices.
Opportunity cost is also often defined, more specifically, as the highest-value opportunity forgone. So let's say you could have become a brain surgeon, earning $250,000 per year, instead of a ...
The sacrifice in the production of the second good is called the opportunity cost (because increasing production of the first good entails losing the opportunity to produce some amount of the second). Opportunity cost is measured in the number of units of the second good forgone for one or more units of the first good. [4]
In the same year, there were 13.7 million harvested acres of corn for grain, producing 2.36 billion bushels, which yielded 172.0 bu/acre, with US$14.5 billion of corn value of production. [29] Almost 1.88 billion bushels of corn were grown in the state in 2012 on 13.7 million acres of land, while the 2013 projections are 2.45 billion bushels of ...
The Winchester bushel is the volume of a cylinder 18.5 in (470 mm) in diameter and 8 in (200 mm) high, which gives an irrational number, of approximately 2150.4202 cubic inches. [4] The modern American or US bushel is rounded to exactly 2150.42 cubic inches, a difference of less than one part per ten million.
The shortage of eggs has resulted in organic, cage-free eggs costing less than a dozen regular eggs in some New York City grocery stores.