ATTENTION:
Kindly note that you will be presented with 50 questions randomized from the NOUN question bank. Make sure to take the quiz multiple times so you can get familiar with the questions and answers, as new questions are randomized in each attempt.
Good luck!
AEM251
1 / 50
Isocline, ridgeline and - are the basic terms in the three stages of production function under the factorfactor relationship
2 / 50
The common algebraic forms of production function are linear, semi log cobb Douglas, and
3 / 50
What agency was established by Nigerian government to ensure that more land and smallholder hectares are intensified?
4 / 50
- is only used for diagnostic purpose where one basic input is the limiting factor
5 / 50
Breaking of bulk commodity is one of the functions of --
6 / 50
What is a signal to producers to expand or contract their rate of product?
7 / 50
What is the ratio of the percentage change in the quantity supplied to the percentage change in its price referred to?
8 / 50
Which of the following is not a reason for the negative slope of the demand curve?
9 / 50
What is the derivative of the demand and supply function?
10 / 50
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
11 / 50
What clears the amount of commodity supplied and demanded in given market?
12 / 50
What type of demand occurs if a change in demand of a commodity is 20% when the price change is 10%?
13 / 50
Capital and classical measures are proxy to
14 / 50
The process of creating goods and services for the satisfaction of human wants is known as what?
15 / 50
What is the elasticity measurement if the changes in both quantity and the factors of interest at large?
16 / 50
Salaries of administration staff and rent in any organization are an example of
17 / 50
Only two inputs are varied under factor – factor relationship. “True” or “False”
18 / 50
A situation where there are just two sellers in an oligopoly market is referred to as
19 / 50
-- is the rate at which inputs substitute for each other to maintain a constant output
20 / 50
What is the summation of individual demand schedule?
21 / 50
What type of elasticity of demand is used as a planning tool to classify goods as superior and inferior goods?
22 / 50
The stage where marginal product is less than zero and negative is
23 / 50
Agricultural production function guides farmers in decision making. “True” or “False
24 / 50
What do you call a measure of the degree to which quantity demanded would respond to any single variable with respect to that variable?
25 / 50
All these are concept of economics except;
26 / 50
What concept in supply that is very important in economic analysis?
27 / 50
What is a measure of the sensitivity of demand to changes in income called?
28 / 50
What is used to ration goods among prospective buyer in the market?
29 / 50
What is one of the major negative factors that affect the marketing of any agricultural commodity?
30 / 50
- are either convex to the origin of slopes from left to right of a production stage
31 / 50
Which of the following may not be a factor that determines the elasticity of demand?
32 / 50
What type of function that accomplishes marketing process?
33 / 50
The activities involved in the transfer of title to goods are known as .. Function
34 / 50
When at a given time an unlimited quantity of product is demanded?
35 / 50
s when a commodity in a perfect market should be capable of being easily transported from one part of the market to another.
36 / 50
-- is the process of satisfying human needs by bringing precuts to people in the proper form at the appropriate time and place they need the products
37 / 50
Inputs that are substituted at constant rate are called
38 / 50
Which production function focuses on substitution of inputs to achieve a constant level of output?
39 / 50
The concept of supply that is very important in economic analysis is referred to as
40 / 50
Exchange, physical and facilitating are examples of function
41 / 50
Through what process does the stage of overall production process is achieved?
42 / 50
What function does not exceed its peak but increases indefinitely during production
43 / 50
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
44 / 50
High and increase in cost of production is an example of technical problem in Nigerian agricultural production “True” or “false|”.
45 / 50
45. Another name for agarian is
46 / 50
The technical relationship between factor input and output is referred to what?
47 / 50
What is the desire backed up with the ability to pay for goods and services in question thus, it is not a wish?
48 / 50
What occurs in cross elasticity of demand if two commodities are substitute?
49 / 50
describes the rate at which inputs are transformed into outputs
50 / 50
Storage, transportation and processing are examples of .. function
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