BACHELOR IN AGRICULTURAL EDUCATION AND EXTENSION (Y2S1)

THARAKA UNIVERSITY




UNIVERSITY EXAMINATIONS
SECOND YEAR EXAMINATION FOR THE AWARD OF BACHELOR OF
SCIENCE IN AGRICULTURAL EDUCATION AND EXTENSION
SEPTEEMBER/DECEMBER 2022/2023
MAIN EXAM
AGEC 241: PRODUCTION ECONOMICS
STREAMS: BSC. AGRICULTURAL EDUCATION AND EXTENSION (Y2S1)
TIME: 2 HOURS

INSTRUCTIONS:
 Answer ALL the questions in Section A and any two in Section B
 Do not write anything on this question paper

SECTION A (30marks)
1. Define the following terms (8marks)
a. Production economics
b. Economies of scale
c. Cost
d. Variable input
2. Outline the three importance of land as a factor of production (6marks)
3. Explain three ways by which one can acquire land (6marks)
4. Outline two characteristics of production (4marks)
5. Explain two characteristics of a fixed input (4marks)
6. What is technical efficiency? (2marks)

SECTION B (40marks)
7. a. Explain five ways of improving labour efficiency (10marks)
b. Discuss the five characteristics of a good farm manager (10marks)
8. a. Describe the three production functions (6marks)
b. By using a diagram, describe the three stages of production (10marks)
9. a. Explain seven safeguards against risks and uncertainty in agricultural production
(14marks)
b. Discuss the three types of production functions (6marks)