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Cost Return Analysis of Cocoyam Production at NRCRI, Umudike


  • Okoye, B.C
  • Asumugha, G.N
  • Mbanaso, E.N.A


A cost return analysis of cocoyam production at the National Root Crops Research Institute Umudike showed that the enterprise is profitable. Labour constituted about 50% of total variable cost of production, which is the most important resource in cocoyam enterprise. A hectare cost of cocoyam production was N140, 114 while total revenue was N257, 400 and net return was N117, 286. The study showed that small-holder cocoyam enterprise is profitable by returning N1.27 for every N1.00 spent.

Suggested Citation

  • Okoye, B.C & Asumugha, G.N & Mbanaso, E.N.A, 2006. "Cost Return Analysis of Cocoyam Production at NRCRI, Umudike," MPRA Paper 17363, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:17363

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    References listed on IDEAS

    1. Afriat, Sidney N, 1972. "Efficiency Estimation of Production Function," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 13(3), pages 568-598, October.
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    Cost Returns and Cocoyam;

    JEL classification:

    • A30 - General Economics and Teaching - - Multisubject Collective Works - - - General
    • A3 - General Economics and Teaching - - Multisubject Collective Works
    • A39 - General Economics and Teaching - - Multisubject Collective Works - - - Other


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