AEM251

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

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

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

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

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

Which of these refer to the
degree of responsiveness
of a proportionate change
in the quantity demanded of
a commodity to a
proportional change in the
price of a related
commodity?

Returns to scale and
marginal returns are
parameters of

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

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

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

All these are different fields
of agricultural economics
except;

describes the rate at which
inputs are transformed into
outputs

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

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

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

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

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

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

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

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

A situation whereby no
trade name or trademarks
to distinguish the supply of
one another from that of
another is known as what?

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

What type of function that
accomplishes marketing
process?

are inputs that increases
outputs when consumed in
fixed proportions or
otherwise no output
production

What is the acronym for
NAFPP?

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

Through what process does
the stage of overall
production process is
achieved?

Farmers operate small and
fragmented land holdings
due to
- system

-- 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

Fertilizers, agrochemicals,
and seeds used in farming
activities is referred to as

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

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

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

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

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

Which of the following may
not be a factor that
determines the elasticity of
demand?

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

What relationship occurs
when the price and
quantities demanded of a
commodity in a given
market?

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

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

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

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

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

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

When is the coefficient of
income elasticity of demand
positive?

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

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

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

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

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