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3 marksFarm Organisation and Planning

CSEC Agricultural Science · May/June 2015 · Paper 2 · Question 7(d)(i)

Farmer Broderick wants to increase the number of birds reared by 50 units, increasing variable costs by $1500. Calculate, stating the formula: His additional income.

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Other parts of this question

  1. 7(a)Explain the meaning of the term 'gross farm income'.[1 mark]
  2. 7(b)Distinguish between variable cost and fixed cost.[2 marks]
  3. 7(c)(i)Using the information provided in Table 3 on page 8, identify TWO variable costs.[2 marks]
  4. 7(c)(ii)Using the information provided in Table 3 on page 8, identify ONE fixed cost.[1 mark]
  5. 7(d)(ii)Calculate, stating the formula: The change in net profit.[3 marks]

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