AEM251

are major specialized
activity performed in
accomplishing the
marketing process

The plotting of the price of a
commodity on the vertical
axis against the quantities
supplied on the horizontal
axis is known as what?

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

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

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

Non – homogenous
commodity and preferential
treatment is an example of
-

A situation where there are
just two sellers in an
oligopoly market is referred
to as

A condition where there is
no substitute of commodity
is known as
--

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

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

- is the stage of production
curve where the marginal
product less than the
average product

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

Isocline, ridgeline and
- are the basic terms in the
three stages of production
function under the factorfactor relationship

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

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

Seasonality and
perishability are examples
of
--

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 referred to as a
process for distribution of
goods to marketers?

Exchange, physical and
facilitating are examples of
function

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

Only two inputs are varied
under factor – factor
relationship. “True” or
“False”

Returns to scale and
marginal returns are
parameters of

The line showing all the
different combinations of
factor inputs that a firm can
purchase, given the total
cost outlay of the firm and
input price is known as
what?

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

The type of agricultural
production function that are
derived from experiments in
crop and livestock is known
as

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

What is concerned with
planning, implementation
and control of the farm
business?

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

s used to determine the
stage of overall production
process

Agricultural production
function guides farmers in
decision making. “True” or
“False

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

-- describes the
transformation of a given
input into a product

Financing, production and
distribution of a given
commodity is a form of
..

What is the ratio of the
percentage change in the
quantity supplied to the
percentage change in its
price referred to?

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

Storage, transportation and
processing are examples of
.. function

Which of these
combinations of goods is
referred to as
complementary

-- is the rate at which inputs
substitute for each other to
maintain a constant output

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

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

Inputs that are substituted
at constant rate are called

Farmers operate small and
fragmented land holdings
due to
- system

What clears the amount of
commodity supplied and
demanded in given market?

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

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

Cost of raw materials and
wages of labour are
examples of

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

is the type of demand that
is used to classify goods
into luxurious necessities
and inferior goods

The condition where there
is no substitute of
commodity is called what?

What function does not
exceed its peak but
increases indefinitely during
production