FFA Farm Buisness Management

Selling through a farmers' market or roadside market is known as ________.

• Equilibrium

• Call Option

• Direct Marketing

• Demand

The relationship between quantity purchased and price is known as ____________.

• Demand

• Supply

• Call Option

• Equilibrium

The relationship between quantity supplied and price is known as _________________.

• Demand Curve

• Deprived demand

• Supply Curve

• Direct Marketing

Price movement across months within the year is ______________ variability.

• Seasonal

• Short

• Deprived Demand

• Bull

A demand for a product at the farm level is a(n) _____________.

• Equilibrium

• Demand Curve

• Supply Curve

• Deprived Demand

The price where demand and supply intersect is known as ____________________.

• Deprived Demand

• Equilibrium

• Supply Curve

• Demand Curve

The primary purpose of the production function is to determine _________________.

• Whether or not to operate in the long run

• How to Accolade resources throughout a business

• How much to produce

• ALL of the above

What does stage two in production function graph determine?

• The beginning point of increasing returns

• The stage where you should not produce

• The lowest point in increasing marginal returns

• The amount of variable input to use

The point on a production function graph where marginal cost equals marginal revenue is where ________.

• Losses are the greatest

• Profits will be greatest

• Costs are minimized

• Production is maximized

An agriculture producer learns what from the production function?

• Output responses to an input

• Whether or not to operate in the long run

• How to accolate resources throughout an enterprise

• ALL of the above