AGRICULTURAL ECONOMICS

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Ag. Econ. 6.4 (2+1) Farm Management, Production and Resource Economics

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Production economics Introduction, Objectives, Scope, Subject Matter, Basic terms & Concepts 1-5 2. Law of returns Law of variable proportions, Types of returns and estimation 6-9 3. Seven cost concepts Meaning and Concept of Cost, types of costs and their relationships 10-22 4. Factor-Product relationship Optimal input and output levels 23-27 5. Factor-Factor relationship Isoquant, iso-cost line, least cost combination 28-33 6. Product-Product relationship Production possib...

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by THEEXCELLENCELIBRARY •
uploaded 2023

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