AEM251

Which of the following is not
a reason for the negative
slope of the demand curve?

What aspect of social
science that aid in the
process of producing,
exchanging and Consuming
of goods and services?

s when a commodity in a
perfect market should be
capable of being easily
transported from one part of
the market to another.

What type of demand
occurs if the change in
demand of a commodity is
10% when the price change
is 10%?

What type of demand
occurs if the change in
demand of a commodity is
10% when the price change
is 20%?

What do you arrange in
order of priority and
importance to satisfy
wants?

- are conditions that are
present in markets where
buyers and sellers interact
to establish prices and
exchange goods and
services

The final products derived
from consumer goods are
referred to as what?

When is the coefficient of
income elasticity of demand
positive?

Storage, transportation and
processing are examples of
.. function

serves as a lubricant in
enabling distribution to work
smoothly and preventing
the development of
bottlenecks

Salaries of administration
staff and rent in any
organization are an
example of

What type of demand
occurs if a change in
demand of a commodity is
20% when the price change
is 10%?

What is the elasticity
measurement if the
changes in both quantity
and the factors of interest at
large?

Power failure and
insufficient storage facilities
are factors that affect
-- of agricultural products

is the process whereby
supply will not increase at
all and however much
prices of a commodity rises

Which of these
combinations of goods is
referred to as
complementary

What type of function
facilitates the smooth
performance of exchange
and physical function?

Stages I and II of the
production function are
uneconomical for
production. “True” or
“False”

When at a given time an
unlimited quantity of
product is demanded?

All these are types of
income elasticity of supply
except;

The stage where marginal
product is less than zero
and negative is

What do you call a measure
of the degree to which
quantity demanded would
respond to any single
variable with respect to that
variable?

function is very simple,
easy to work with and
commonly taught for
academic exercise in
agricultural production
function

Which of these shows the
different combinations of
input which can be used to
produce a specific quantity
of output?

What is the desire backed
up with the ability to pay for
goods and services in
question thus, it is not a
wish?

What is the major panacea
for the management of
economic problem?

Returns to scale and
marginal returns are
parameters of

High and increase in cost of
production is an example of
technical problem in
Nigerian agricultural
production “True” or “false|”.

Farmers operate small and
fragmented land holdings
due to
- system

What is a signal to
producers to expand or
contract their rate of
product?

The technical relationship
between factor input and
output is referred to what?

Seasonality and
perishability are examples
of
--

What marketing function
describes what happens or
what can happen to a
product between the time of
production and time of
purchase by the final
consumer

All these are factors
influencing the supply of a
commodity except;

What is used to ration
goods among prospective
buyer in the market?

are major specialized
activity performed in
accomplishing the
marketing process

The activities involved in
the transfer of goods are
referred to as
Function

The activities involved in
the transfer of title to goods
are known as
.. Function

What type of elasticity of
demand is used as a
planning tool to classify
goods as superior and
inferior goods?

All these are types of
marginal returns except;

- was established by
government to construct
dams and bore holes in
rural communities of the
country

What agency was
established by Nigerian
government to ensure that
more land and smallholder
hectares are intensified?

- are either convex to the
origin of slopes from left to
right of a production stage

Cost of raw materials and
wages of labour are
examples of

are costs that do not vary
with the level of output

- is only used for diagnostic
purpose where one basic
input is the limiting factor

The transformation of
inputs into marketable
output is referred to what?

Which of these describe the
technologically efficient
methods of combining
inputs to produce output?

What is one of the major
negative factors that affect
the marketing of any
agricultural commodity?