Question

13. Fixed costs arise from owning: machinery buildings land (a) All of the above None of the above. Which of the following key variables might you conduct sensitivity analysis on? (a) 14. prices yields average litter sizes (d) All of the above 15. Which term is best described by the following: Costs which the farm incurs that do not vary with the level of production. a. variable costs b. cost of production c. enterprise budget d. fixed costs

Answer 1

* 1 D A Fired costs arises from All of the above owning * Fired cost is a cost that does not change with the change in production levels It remains constant Irrespective of the incus some costs on and land. production we have to building machinery (2) Answer Sensityvity analysis is used to determine how indeden dent variable values will impact a particular cependant variable 0 All of the above. D) Fired costs ☆ These are the costs vary with the change of production. that do not in the level