a) Suppose you are going to grow sweet corn on your own farm. Discuss how you are going to determine the production cost for a unit of corn. List all cost components involved in your calculation. Then, explain how to propose the market price for your corn. (10 marks) b) A farmer plans to plant sweet corn in a 12 ha farm using a 4-row seeding machine which is set to drop a seed at 0.75 m x 0.3 m. Assuming a field loss of 5% and that one plant will produce only one corn, how many corns will be harvested from the farm? (5 marks) c) Total machinery costs are the sum of ownership and operating cost. If an initial cost of for a tractor is RM80,000.00, discuss how the values of five (5) components under the ownership cost can be determined. (10 Marks) [25 MARKS] a) Suppose you are going to grow sweet corn on your own farm. Discuss how you are going to determine the production cost for a unit of corn. List all cost components involved in your calculation. Then, explain how to propose the market price for your corn. (10 marks) b) A farmer plans to plant sweet corn in a 12 ha farm using a 4-row seeding machine which is set to drop a seed at 0.75 m x 0.3 m. Assuming a field loss of 5% and that one plant will produce only one corn, how many corns will be harvested from the farm? (5 marks) c) Total machinery costs are the sum of ownership and operating cost. If an initial cost of for a tractor is RM80,000.00, discuss how the values of five (5) components under the ownership cost can be determined. (10 Marks) [25 MARKS]