This preview shows page 1. Sign up to view the full content.
Unformatted text preview: 6) _Reduced Cost_______ is a type of dual activity in an LP that shows you how much profit would decrease if you produced one unit of an activity not currently in the solution. 7) __Enterprise Budget_______ lists all the returns and costs associated with producing a unit of a given enterprise. 8) __Linear Programming_____ is a mathematical technique that can be used to select the best combination of enterprises to produce on a farm, given the resources available. 9) _Whole farm budget___ projects the returns, costs, and expected net farm income from operations from following a particular farm plan. 10) __Marginal cost__ is the additional cost associated with producing one more unit of output....
View Full Document
This note was uploaded on 11/15/2011 for the course AGEC 7100 taught by Professor Duffy,p during the Fall '08 term at Auburn University.
- Fall '08