Final answer:
The farm lost $648 if soybeans sold for $12 a bushel and an acre of irrigated land yields 54 bushels of soybeans.
Step-by-step explanation:
To calculate the amount of money lost by the farm, we need to multiply the price per bushel by the number of bushels produced. In this case, soybeans were sold for $12 a bushel and an acre of irrigated land yields 54 bushels of soybeans. So the total amount of money lost can be calculated as:
Total loss = Price per bushel × Number of bushels
Total loss = $12 × 54 bushels
Total loss = $648
Therefore, the amount of money lost by the farm is $648, which corresponds to option C.
To calculate the amount of money lost by the farm due to selling soybeans at a specific price, we must multiply the yield per acre by the sale price per bushel and then by the number of acres. Given that soybeans sold for $12 a bushel and an acre yields 54 bushels of soybeans, we multiply these numbers to find the revenue per acre, which is $12 × 54 bushels = $648.