Final answer:
The break-even yield for corn production, with a total cost of $510 per acre and an anticipated price of $5.00 per bushel, is 102 bushels per acre. This represents the amount needed to cover production costs, and any production beyond this amount would generate profit for the farmer.
Step-by-step explanation:
When calculating the break-even yield for corn production, we need to know the total expected costs and the anticipated selling price per bushel. In this scenario, the total cost to produce 1 acre of corn is given as $510 and the anticipated price is $5.00 per bushel. The break-even yield is found by dividing the total cost by the price per bushel. Therefore, the break-even yield would be $510 / $5.00/bu = 102 bushels per acre.
The break-even yield is the number of bushels you must produce and sell per acre to cover your costs. Any yield above this amount would be profit, whereas any yield below it would mean a loss. Given that corn has historically yielded two to three times as many bushels per acre as wheat, and that corn prices have been converging with wheat prices, switching to corn could prove lucrative in terms of yield per acre revenue.