Principles Of Agribusiness Economics Question Paper

Principles Of Agribusiness Economics

Course:Bachelor Of Science In Agribusiness Management

Institution: Kenyatta University question papers

Exam Year:2010

KENYATTA UNIVERSITY
UNIVERSITY EXAMINATIONS 2009/2010
FIRST SEMESTER EXAMINATION FOR THE DEGREE OF BACHELOR OF
EDUCATION
KBT 100: PRINCIPLES OF AGRIBUSINESS ECONOMICS

DATE: Monday 2ND AUGUST, 2010
TIME: 2.00 P.M. - 4.00 P.M.

INSTRUCTIONS: Answer Question ONE and any other TWO questions.

1.
a)
Discuss the role of Business Economics in Agribusiness Management.

(10 marks)

b)
Briefly explain the meaning of

(i)
Macro Economics

(2.5 marks)

(ii)
Micro Economics

(2.5 marks)

c)
“There is growing belief that ethical and „green? businesses and

especially agribusiness are linked to improve business performance”

(Nellis & Parker, 2002). Discuss.

(5 marks)

d)
Explain the concept of Resource Allocation in relation to Agribusiness

Economics.

(5 marks)

e)
List five factors that are likely to affect supply of wheat in Kenya. (5 marks)

f)
Explain the different determinants of demand in agricultural produce.

(5 marks)

g)
State and explain different types of business organizations.
(5 marks)

2.
a)
Discuss the effects of taxes and subsidies in Demand, Supply and

Price Determinant

(10 marks)

b)
Briefly explain the concept of discounting in Business Economics. (5 marks)

Page 1 of 2

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3.
a)
Using well labeled diagram, discuss the impact of improved technology

on long run production costs.

(10 marks)

b)
In brief critique the theory of Profit Maximization.

(5 marks)

4.
a)
Discuss why agricultural Production is considered time dependent. (10 marks)

b)
Citing examples explain the meaning of economies of scope.
(5 marks)

5.
a)
Explain and illustrate Porters Value Chain.

(5 marks)

b)
List the conditions of Monopolistic Competition

(5 marks)

c)
Explain the key relationship between Elasticity, Marginal Revenue

and Total Revenue.

(5 marks)

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Page 2 of 2

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