Study resources on Kenyaplex

Get ready-made curriculum aligned revision materials

Exam papers, notes, holiday assignments and topical questions – all aligned to the Kenyan curriculum.

Or go directly to:

Class notes Holiday assignments Topical questions Other resources

List the goals of of Production Economics

Answers

The following are the goals of agricultural production economics:

1) Assist farm managers in determining the best use of resources, given the changing needs, values and goals of the society.

2) Assist policy makers in determining the consequences of alternative public policies on output, profits and resource use on farms.

3) Evaluate the uses of theory of firm for improving farm management and understanding the behavior of the farm as a profit maximizing entity.

4) Evaluate the effects of technical and institutional changes on agricultural production and resource use.

5) Determine individual farm and aggregated regional farm adjustments in output supply and resource use to changes in economic variables in the economy

marto answered the question on April 16, 2019 at 12:28

Answer Attachments

Next: Discuss the cultural habits that promote entrepreneurial development.

Previous: List three examples of fourth generation programming languages.

View more Production Economics Questions and Answers | Return to Questions Index

Get ready-made curriculum aligned revision materials

List the goals of of Production Economics

Answers

Exams With Marking Schemes

Related Questions