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Input Demand and output Supply of Major crops of India

 

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  • Product Description
 

The book provides a clear understanding of the subject of Factor demand and output supply by formulating Cobb-Douglas profit function. Output supply and input demand are closely interlinked to each other, therefore, any change in input and output prices affect the input demand and output supply simultaneously.The Agricultural Prices and Cost (APC) scheme under the guidance of government of Maharashtra provides valuable data about agriculture in Maharashtra.This study used cross sectional cum time series data of Vidarbha region for the selected four principle crops. These four crops occupied about 70 per cent area of the gross cropped area.The theory of profit function, developed to helps in overcoming the problem of simultaneous equation bias, if present. Another distinct advantage of this approach over production function is that with the help of duality theorem (Shephard, 1953), the variable factor demand function and supply function of products can be derived directly from the estimated profit function.This study will provide useful information which can be used to project the direction and extent of the response of farmers to changes in input and output prices.

Product Specifications
SKU :COC44074
AuthorSandip S. Thakare,Nishant V. Shende and Kishor J. Shinde
LanguageEnglish
BindingPaperback
Number of Pages156
Publishing Year2012-09-26T00:00:00.000
ISBN978-3659249204
Edition1 st
Book TypeAgriculture & farming
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-06-08 00:00:00