Title: Calculate net returns.
Course: Agricultural Business Fundamentals I (18201-I) > Section: Managing Financial Records and Reports

Calculation should include

- unit cost of production (e.g., fixed, variable, and marginal costs)
- returns in the production process
- formula for determining profit.

Process/Skill Questions:

- What is the formula for determining profit?
- What is the average total cost of production?
- What is a break-even point?
- What is meant by the unit cost of a product?
- What is downsizing? How does this affect unit cost of products?
- How can variable costs be controlled?
- How are break-even points calculated?
- How does one determine if a cost is fixed or variable?