Sie sind auf Seite 1von 2

Republic of the Philippines

UNIVERSITY OF THE PHILIPPINES – DILIMAN EXTENSION PROGRAM IN PAMPANGA


Clark Special Economic Zone, Angeles City

2nd One-Hour Exam in Economics 171 - Agricultural Economics

1. On “Assessing Business Performance”, the answer to this question must be applied in the
context of your chosen (term research) papers that touch on a specific agricultural
commodity or enterprise. Otherwise you can choose an enterprise for this exam purpose.

The question: Illustrate and explain the financial performance framework of your chosen
enterprise.

2. On “Production and Resource Use”, the answer to this question must also be applied in the
context of your chosen (term research) papers that touch on a specific agricultural
commodity or enterprise. Otherwise you can choose an enterprise for this exam purpose.

The question: Illustrate and explain the (physical) production framework of your chosen
enterprise.

3. On “Economics of Input Substitution”, the answer to this question must also be applied in the
context of your chosen (term research) papers that touch on a specific agricultural
commodity or enterprise. Otherwise you can choose an enterprise for this exam purpose.

The question: Illustrate and explain the input substitution framework of your chosen
enterprise. What (factors) drive the economics of input substitution?

P.S. Relate this to Item No. 2 but concentrate on inputs and then output/s.

4. On “Economics of Product Substitution”, the answer to this question must also be applied in
the context of your chosen (term research) papers that touch on a specific agricultural
commodity or enterprise. Otherwise you can choose an enterprise for this exam purpose.

The question: Illustrate and explain the product substitution framework of your chosen
enterprise. What (factors) drive the economics of product substitution?

P.S. Relate this to Item No. 2 but concentrate on outputs and then inputs.

5. On “Market Equilibrium and Product Price Under Perfect Competition”, producers will
produce corresponding quantity of a product as a response to the previous period’s price.
When this happens, markets will adjust to a market equilibrium in a COBWEB pattern.
Illustrate and explain this.

6. On “Market Equilibrium and Product Price Under Imperfect Competition”, producers will
produce corresponding quantity of a product as a response to the previous period’s price.
When this happens, markets will adjust to a market equilibrium in a COBWEB pattern. Over
time, this adjustment will change such that the numerous suppliers will decline and shall be
fewer along the value chain as some of these consolidate and transform themselves into
specialized or concentrated groups of businessmen (who buy goods & services from the
numerous suppliers and produce themselves value-added products and services) to serve
the final consumers. When this happens, the market structure becomes imperfectly
competitive in nature.

Illustrate and explain this.

Das könnte Ihnen auch gefallen