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Define the following as used in agricultural economics

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Reference no: EM132875845

1. Market efficiency hypothesis implies that the expected average value of variations in the shares is zero. Is it correct that the best estimate of the future price today, as it incorporates all the available information?

2. Discuss the appropriate taxes to use when calculating the free cash flow (FCF )it is the marginal tax rate or the medium tax rate of the leverad company?

3. (a) What are the uses of farm records to a farmer?

(b) Explain four ways in which a farmer may improve Labour productivity in the farm

(c) Outline the process followed in land adjudication

4. Name any three types of agricultural services available to the farmer

5. Outline four management guideline questions which assist a farm manager in making accurate farm decisions

6. Give four ways of improving labour productivity

7. List four variable inputs in sorghum production

8. List four agricultural support services available to a crop farmer in Kenya

9. Define the following as used in Agricultural economics:-

(a) Gross domestic product (GDP)

(b) Per capita income

10. Explain the various ways in which farmers may adjust to risks and uncertainties

Reference no: EM132875845

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