Bus0161:Production Economics And Marketing Question Paper

Bus0161:Production Economics And Marketing

Course:Diploma In Agriculture

Institution: Meru University Of Science And Technology question papers

Exam Year:2013

QUESTION ONE (30 MARKS)
a. Define agricultural marketing. (2 Marks) b. What is total physical product and marginal physical product? (4 Marks) c. State four factors of production. (4 Marks) d. Give four importance of agricultural marketing. (4 Marks) e. State four basic production problems. (4 Marks) f. State four special characteristics of agricultural commodities. (4 Marks) g. Give four advantages of transport function in agricultural marketing. (4 Marks) h. State four market structures. (4 Marks)
QUESTION TWO 15 MARKS
Explain various steps followed in decision making process in production. (15 Marks)
QUESTION THREE 15 MARKS
Illustrate production function showing total physical product (TPP) curve, marginal physical product (MPP) curve and average physical product (APP) curve. Which is rational stage and why? (15 Marks)
QUESTION FOUR 15 MARKS
Explain eight importance of agricultural marketing. (15 Marks)
QUESTION FIVE 15 MARKS
Explain seven dimensions of market classification. (15 Marks)

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