Description
Return quantity*basePrice plus quantity*eligibleFraction*premiumPerUnit.
Agricultural policy budgets distinguish supplied reference prices, eligible bases, marginal rates, match shares, caps and tax assumptions. Arithmetic can reconcile a stated scenario without determining what a real program permits or what anyone is owed. Percentage numbers, fractional rates and currency-per-unit rates must remain distinct.
Return quantity*basePrice plus quantity*eligibleFraction*premiumPerUnit.
When to use this tool
Use Public Food Purchase Quality Premium Term when checking the stated caller-defined policy budget, payment or valuation convention.
How to use the tool and how it works
- Enter acceptedQuantity, basePrice, premiumPerUnit, premiumEligibleFraction. Use the units and conventions below.
- Run the tool. Correct any format, range, or cross-field input error before interpreting the output.
- Read basePayment, premium, total. Use the output convention below.
Require nonnegative accepted quantity, base price and premium per unit, with eligible fraction in [0,1]. Return quantity*basePrice plus quantity*eligibleFraction*premiumPerUnit.1
| Input field | Meaning and units | Accepted input |
|---|---|---|
| acceptedQuantity | Accepted Quantity | Required. Finite number; minimum 0. |
| basePrice | Base Price | Required. Finite number; minimum 0. |
| premiumPerUnit | Currency per premium-eligible quantity unit, not a fraction of basePrice. | Required. Finite number; minimum 0. |
| premiumEligibleFraction | Premium Eligible Fraction Unit: 1. | Required. Finite number; minimum 0; maximum 1. |
| Output field | Interpretation | Returned shape |
|---|---|---|
| basePayment | Base Payment | Required. Finite number. |
| premium | Premium | Required. Finite number. |
| total | Total | Required. Finite number. |
{
"input": {
"acceptedQuantity": 100,
"basePrice": 10,
"premiumPerUnit": 2,
"premiumEligibleFraction": 0.5
},
"output": {
"basePayment": 1000,
"premium": 100,
"total": 1100
}
}Limitations and assumptions
- The premium is an amount per unit, not a percentage of price; acceptance and eligibility are caller assumptions.
- Inputs must satisfy both the field types and the cross-field conditions above. Invalid input causes an error; a successful false flag or documented placeholder is a different result.
- Numeric calculations use binary floating point unless exact decimal-integer arithmetic is explicitly stated. No hidden measurement tolerance or decimal rounding is added; nonfinite or out-of-contract results are rejected. Numeric signed-zero results are exported as zero.
Alternative or Complementary methods
Consult current authoritative program/tax documents and qualified financial/legal professionals for actual eligibility, obligations and entitlements.
References
Similar or alternative tools
- Crop Insurance Subsidy Premium Share
Subsidize gross premium plus fee only if feeEligible; producer payment is full premium+fee minus subsidy.
- Payment Tier Marginal Factor
Return marginalRate=baseRate*tierFactor and contribution=marginalRate*eligibleIncrement.