AECN 201 Lecture Notes - Lecture 6: Production Function, Working Capital
Document Summary
Might need to improve yields depending on if consistently lower. Number of pigs weaned per litter could be improved (1. 3 difference = 340 more hogs) Marketing of hogs doing good job, need to improve marketing of corn. Cash farm expenses seems large, paying ,000 of interest expense: need to pay down liabilities with highest interest rate. Working capital is higher than average could use to pay down liabilities to get interest expenses down. Marketing corn and paying down liabilities to reduce interest expenses without changing anything on production side; looking at genetic or death loss issue or low yield for corn could also improve it. The rate that grade goes up changes depending on how many minutes of lecture. Production goes up only so long as inputs increase. Mpp = pi 10 = 2bu should only produce if overall use is greater than that ratio.
