Agricultural machinery costs calculation 1 - english
1. Chapter
Chapter 1: Introduction costs
1.1: Introduction: economics
1.2: Farmers Boris and Alexander have a problem!
What is the problem the farmers Boris and Alexander are facing?
a. they want to sell their old tractor
b. they intend to buy a new tractor
c. they want to know if it is worth buying a new tractor
d. they want to decide whether to buy or rent a new tractor
What should Boris and Alexander pay attention to, when purchasing a tractor?
a. all arising fixed- and variable costs
b. the overhead and specific costs
c. the opportunity costs
d. the procedural costs and comparative costs
e. the rim color of the tractor
1.3: Why Economics? Why do we need the discipline of "economics"?
The subject area of economics deals with the question as to how the numerous existing needs of people (for goods and services) can be satisfied in the best possible way, with an optimal use of limited resources.
Economics is thus a science in which people and their needs are in the focus. Therefore, it is also one of the social sciences. In this course, we would like to address the economics of agricultural enterprises and business management questions like: How can existing and available resources be utilized, so the people who own the business can satisfy as many of their needs as possible?