AEA303 | Campusflava https://campusflava.com Tutors, Past Questions and Projects. Fri, 30 Apr 2021 05:28:27 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.3 https://i0.wp.com/campusflava.com/wp-content/uploads/2023/01/cropped-CF.png?fit=32%2C32&ssl=1 AEA303 | Campusflava https://campusflava.com 32 32 123014824 AEA303 – Agricultural Production Economics (Noun 2020_2) https://campusflava.com/blog/aea303-agricultural-production-economics-noun-2020_2-2/ https://campusflava.com/blog/aea303-agricultural-production-economics-noun-2020_2-2/#respond Fri, 30 Apr 2021 05:28:27 +0000 https://campusflava.com/?p=48059 NATIONAL OPEN UNIVERSITY OF NIGERIA UNIVERSITY VILLAGE, NNAMDI AZIKIWE EXPRESS WAY, PLOT 91, CADASTRAL ZONE, JABI ABUJA FACULTY OF AGRICULTURAL SCIENCES, DEPT. OF AGRICULTURAL ECONOMICS AND EXTENSION. 2020_2 EXAMINATION 1234 Programme: Agricultural Economics and Agribusiness Course Title: Agricultural Production Economics Course code: AEA 303 Credit Unit: 2 Time Allowed: 2 Hours INSTRUCTION: Answer Compulsory question […]

The post AEA303 – Agricultural Production Economics (Noun 2020_2) first appeared on Campusflava.]]> NATIONAL OPEN UNIVERSITY OF NIGERIA
UNIVERSITY VILLAGE, NNAMDI AZIKIWE EXPRESS WAY,
PLOT 91, CADASTRAL ZONE, JABI ABUJA
FACULTY OF AGRICULTURAL SCIENCES,
DEPT. OF AGRICULTURAL ECONOMICS AND EXTENSION.
2020_2 EXAMINATION 1234
Programme: Agricultural Economics and Agribusiness
Course Title: Agricultural Production Economics
Course code: AEA 303
Credit Unit: 2
Time Allowed: 2 Hours
INSTRUCTION:
Answer Compulsory question 1 (25 marks) and any 3 other questions (15 marks each).
1. a. i} State six (6) uses of economics in agriculture. (10 marks)
ii) State two (2) major goals of production economics (2marks)
iii) What is agricultural economics? (3 marks)

b. State three (3) special features of linear function. (5 marks)
c. State the implicit production function of a product- product relationship (5 marks)
2. a. Explain the following?
i) Agricultural cost. (5marks)
ii) Cost of production. (4marks)
b. Itemize three relevance of cost to a farmer. (6marks)
3. Explain the meaning of the following concepts:
(i) Isoquants
(ii) Isocost line
(iii) Production possibility curve (15marks) 4. a What is the meaning of the following concepts ?
i. Isoquant (4 marks)
ii. Marginal Rate of Technical Substitution (4 marks)
iii. Elasticity of Input Substitution (4 marks)
iv. Isocost line (3 marks)
5 a. Determine the state of elasticity at the three stages of production. (10 marks)
b Explain product-product relationship (5marks)
6 Define the following:
i) Resources (3 marks)
ii) Fixed Resources (3 marks)
iii) Variable Resources (3 marks)
iv) Flow Resources (3 marks)
v) Stock Resources (3 marks)

Do you need a better understanding of this course? Why not JOIN OUR ONLINE TUTORIAL NOW

The post AEA303 – Agricultural Production Economics (Noun 2020_2) first appeared on Campusflava.]]> https://campusflava.com/blog/aea303-agricultural-production-economics-noun-2020_2-2/feed/ 0 48059 AEA303 – Agricultural Production Economics (NOUN 2020_2) https://campusflava.com/blog/aea303-agricultural-production-economics-noun-2020_2/ https://campusflava.com/blog/aea303-agricultural-production-economics-noun-2020_2/#respond Tue, 20 Apr 2021 11:57:39 +0000 https://campusflava.com/?p=46883 NATIONAL OPEN UNIVERSITY OF NIGERIA UNIVERSITY VILLAGE, NNAMDI AZIKIWE EXPRESS WAY, PLOT 91, CADASTRAL ZONE, JABI ABUJA FACULTY OF AGRICULTURAL SCIENCES, DEPT. OF AGRICULTURAL ECONOMICS AND EXTENSION. 2020_2 EXAMINATION 1234 Programme: Agricultural Economics and Agribusiness Course Title: Agricultural Production Economics Course code: AEA 303 Credit Unit: 2 Time Allowed: 2 Hours INSTRUCTION: Answer Compulsory question […]

The post AEA303 – Agricultural Production Economics (NOUN 2020_2) first appeared on Campusflava.]]> NATIONAL OPEN UNIVERSITY OF NIGERIA
UNIVERSITY VILLAGE, NNAMDI AZIKIWE EXPRESS WAY,
PLOT 91, CADASTRAL ZONE, JABI ABUJA
FACULTY OF AGRICULTURAL SCIENCES,
DEPT. OF AGRICULTURAL ECONOMICS AND EXTENSION.
2020_2 EXAMINATION 1234
Programme: Agricultural Economics and Agribusiness
Course Title: Agricultural Production Economics
Course code: AEA 303
Credit Unit: 2
Time Allowed: 2 Hours
INSTRUCTION:
Answer Compulsory question 1 (25 marks) and any 3 other questions (15 marks each).
1. a. i} State six (6) uses of economics in agriculture. (10 marks)
ii) State two (2) major goals of production economics (2marks)
iii) What is agricultural economics? (3 marks)

b. State three (3) special features of linear function. (5 marks)
c. State the implicit production function of a product- product relationship (5 marks)
2. a. Explain the following?
i) Agricultural cost. (5marks)
ii) Cost of production. (4marks)
b. Itemize three relevance of cost to a farmer. (6marks)
3. Explain the meaning of the following concepts:
(i) Isoquants
(ii) Isocost line
(iii) Production possibility curve (15marks) 4. a What is the meaning of the following concepts ?
i. Isoquant (4 marks)
ii. Marginal Rate of Technical Substitution (4 marks)
iii. Elasticity of Input Substitution (4 marks)
iv. Isocost line (3 marks)
5 a. Determine the state of elasticity at the three stages of production. (10 marks)
b Explain product-product relationship (5marks)
6 Define the following:
i) Resources (3 marks)
ii) Fixed Resources (3 marks)
iii) Variable Resources (3 marks)
iv) Flow Resources (3 marks)
v) Stock Resources (3 marks

The post AEA303 – Agricultural Production Economics (NOUN 2020_2) first appeared on Campusflava.]]> https://campusflava.com/blog/aea303-agricultural-production-economics-noun-2020_2/feed/ 0 46883