definitions

Question 1

break-even point

Answer 1

point at which taking part is neither good nor bad

is the stage at which revenues equal costs.

Question 2

capital

Answer 2

physical plants, machinery, equipment used to produce other goods

Question 3

capital budget

Answer 3

includes investments, durable goods, depreciation investments, funding by external donors

Question 4

complementary budget

Answer 4

goods that are jointly consumed with other goods

Question 5

conventional budget

Answer 5

easiest method to calculate farm profits