Lab 1 Answers
1. Why do goals have to be set before a whole-farm plan can be developed?
The best plan cannot be developed until the manager knows what that plan must try to do, that is, what goals
should the plan try to attain. Certain goals may restrict
Lab 2: CHAPTER 12
ANSWERS TO END OF CHAPTER QUESTIONS
1. Will partial budgets ever contain some fixed ownership costs? If yes, give an example of
a partial budget that might contain some fixed ownership costs.
Not all partial budgets will contain some fix
LAB 3 Answers
Part 1: The decision to participate in a government farm program can be analyzed with a partial
budget. Assume a cotton grower wants to know if participation would increase profit. Assume it
requires not planting 10% of the no