Forage Economics
Name two economic question categories.
1. __________________________________________
2. __________________________________________
List three government programs involved in forage economics.
1. ____________________
2. ____________________
3. ____________________
Briefly define the following:
enterprise budgets:_____________________________________________________
fixed costs: ___________________________________________________________
commodity support programs:_____________________________________________
Compare and contrast macroeconomic and microeconomic questions.
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Describe an example of opportunity costs.
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Diagram the process of enterprise budget development.
Calculation: Estimate the cost of grazing 100 cattle on federal lands in Oregon and Nevada. Explain your estimation.
