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Questions and Answers
Which measure takes into account the costs of a livestock enterprise?
Which measure takes into account the costs of a livestock enterprise?
- Conversion
- Profitability (correct)
- Efficiency
- Productivity
Which measure assesses the productivity of a livestock enterprise?
Which measure assesses the productivity of a livestock enterprise?
- Profitability
- Productivity (correct)
- Efficiency
- Conversion
Which measure represents the efficiency of conversion of inputs to outputs?
Which measure represents the efficiency of conversion of inputs to outputs?
- Conversion
- Profitability
- Efficiency (correct)
- Productivity
What is commonly used to estimate livestock productivity by converting inputs and outputs to monetary values?
What is commonly used to estimate livestock productivity by converting inputs and outputs to monetary values?
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What is important for an economic analysis in terms of livestock productivity?
What is important for an economic analysis in terms of livestock productivity?
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Which term refers to costs that are additional to an activity and are associated with a change?
Which term refers to costs that are additional to an activity and are associated with a change?
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Which term refers to benefits that are generated by a change and are also additional?
Which term refers to benefits that are generated by a change and are also additional?
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What is the basis for economically rational decisions?
What is the basis for economically rational decisions?
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