Production Economics and Farm Management
This note explains the
following topics: Production Economics, Nature and scope of Agricultural
Production Economics, Basic concepts and terms, Meaning and types of production
functions, Laws of returns, Factor-product relationship, Determination of
optimum input and output, Factor-factor relationship, product-product
relationship, Type of enterprise relationship, Returns to scale: meaning,
definition, importance, Farm management ,Typical farm management decisions, Economic principles applied to the
organization of farm business, Types and systems of farming, Cost concepts and
farm efficiency, Farm planning and budgeting, Risk and uncertainty, Linear
programming: Assumption, advantages and limitations of linear programming.
Author(s): Virender Kumar
71 Pages