Knowledge in Agriculture Economics

Management and Its Functions

Management is a set of principles relating to the functions of planning, organizing, directing and controlling, and the application of these principles in harnessing physical, financial, human and informational resources efficiently and effectively to achieve organizational goals. You will know about its Functions also,in this hand written note.

Planning

Planning is the process of thinking about the activities required to achieve a desired goal. It is the first and foremost activity to achieve desired results. It involves the creation and maintenance of a plan, such as psychological aspects that require conceptual skills. It is a hand written notes

Product Management and Stages

In this Hand written notes you will know about what Product Management is and the various stages involved in the management of product.

Role of Manager

Role of Manager is crucial in managing any thing.In this note you will know about its role in detail.Manager role is mainly divided in 3 parts.

Agricultural Production Economics

Chapter 1. Introduction ........................................................................................................ 1 1.1 Economics Defined.................................................................................................2 1.2 The Logic of Economic Theory.............................................................................. 2 1.3 Economic Theory as Abstraction............................................................................ 3 1.4 Economic Theory Versus Economic Model........................................................... 3 1.5 Representing Economic Relationships ................................................................... 4 1.6 Consumption Versus Production Economics ......................................................... 4 1.7 Microeconomics Versus Macroeconomics.............................................................5 1.8 Statics Versus Dynamics ........................................................................................ 6 1.9 Economics Versus Agricultural Economics ........................................................... 7 1.10 Agricultural Production Economics ....................................................................... 7 1.11 The Assumptions of Pure Competition................................................................... 8 1.12 Why Retain the Purely Competitive Model.......................................................... 10 1.13 Concluding Comments .........................................................................................10 Questions for Thought and Class Discussion ....................................................... 12 References............................................................................................................. 12 Chapter 2. Production With One Variable Input............................................................. 13 2.1 What Is a Production Function ............................................................................. 14 2.2 Fixed Versus Variable Inputs and the Length of Run .......................................... 17 2.3 The Law of Diminishing Returns ......................................................................... 19 2.4 Marginal and Average Physical Product .............................................................. 21 2.5 MPP and the Marginal Product Function ............................................................. 22 2.6 A Neoclassical Production Function .................................................................... 26 2.7 MPP and APP for the Neoclassical Function ....................................................... 28 2.8 Sign, Slope and Curvature .................................................................................... 29 2.9 A Single-Input Production Elasticity.................................................................... 33 2.10 Elasticities of Production for a Neoclassical Production Function....................... 35 2.11 Further Topics on the Elasticity of Production..................................................... 36 2.12 Concluding Comments .........................................................................................37 Problems and Exercises ........................................................................................ 37 Chapter 3. Profit Maximization with One Input and One Output................................. 39 3.1 Total Physical Product Versus Total Value of the Product .................................. 40 3.2 Total Factor or Resource Cost .............................................................................. 41 3.3 Value of the Marginal Product and Marginal Factor Cost.................................... 41 3.4 Equating VMP and MFC ..................................................................................... 43 3.5 Calculating the Exact Level of Input Use to Maximize Output or Profits ........... 45 3.6 General Conditions for Profit Maximization ........................................................ 51 3.7 Necessary and Sufficient Conditions.................................................................... 52 3.8 The Three Stages of the Neoclassical Production Functiom ................................ 52 3.9 Further Topics on States of Production ................................................................ 56 3.10 The Imputed Value of an Additional Unit of an Input ......................................... 56

Farm Management At A Glance

A guide on how to manage a farm and its various enterprise that comes with it.

INDIAN AGRICULTURE

Well Prepared Notes for all types of competitive exams and general studies.