AEM251

All these are basic
determinants of income
elasticity of demand except;

Inputs that are substituted
at constant rate are called

are boundaries for the
stages of production
function in the factor –
factor relationship

Activities that make it
possible for the smooth
performance of exchange
and physical function is
known as
. Function

What product requirement
enhances easy
transportation of a
commodity from one place
to another?

Which of these
combinations of goods is
referred to as
complementary

What is the acronym for
NAFPP?

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

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

In law of demand, the
quantity demanded of a
commodity increases as the
price does what?

Storage, transportation and
processing are examples of
.. function

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

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

are referred to as producer
goods or intermediate
products

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

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

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

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

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

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

Agricultural production
function is used to in
determining enterprise
combination. “True” or
“False”

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

What is the measure of
responsiveness of quantity
demanded of a product
relative to its own price?

Capital and classical
measures are proxy to

What occurs in cross
elasticity of demand if two
commodities are
substitute?

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

Exchange, physical and
facilitating are examples of
function

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

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

is the function that organize
and directs all business
activities involved in
assessing and committing
consumer purchasing
power into effective
demand for a specific
product from final
consumers in order to make
profit

31. Another name for agarian is

Returns to scale and
marginal returns are
parameters of

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

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

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

are costs that do not vary
with the level of output

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

All these are different fields
of agricultural economics
except;

What are boundaries for the
stages of production
function in the factor –
factor relationship?

A technical relationship
between inputs and output
is known as

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

s used to determine the
stage of overall production
process

The common algebraic
forms of production function
are linear, semi log cobb
Douglas, and

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

All these are types of
marginal returns except;

What is the process of
bargaining on the price of
the commodity between a
few sellers and a few
buyers?

What measures the amount
of total output increase as
input increases?

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

Which production function
focuses on substitution of
inputs to achieve a constant
level of output?

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