Livestock Profitability and Productivity Quiz
8 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

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?

  • Profitability
  • Productivity (correct)
  • Efficiency
  • Conversion
  • 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?

    <p>Productivity</p> Signup and view all the answers

    What is important for an economic analysis in terms of livestock productivity?

    <p>Identifying scarce resources</p> Signup and view all the answers

    Which term refers to costs that are additional to an activity and are associated with a change?

    <p>Marginal costs</p> Signup and view all the answers

    Which term refers to benefits that are generated by a change and are also additional?

    <p>Marginal benefits</p> Signup and view all the answers

    What is the basis for economically rational decisions?

    <p>Assessment of marginal costs and marginal benefits</p> Signup and view all the answers

    More Like This

    Livestock Judging Market Steers Flashcards
    20 questions
    Livestock Judging Flashcards
    37 questions

    Livestock Judging Flashcards

    BenevolentDramaticIrony avatar
    BenevolentDramaticIrony
    Livestock Judging Flashcards
    26 questions
    Livestock Classification Flashcards
    18 questions

    Livestock Classification Flashcards

    SensationalChrysoprase468 avatar
    SensationalChrysoprase468
    Use Quizgecko on...
    Browser
    Browser