Quiz 11 Length : around 20 minutes Answer the questions. Several answers possible. What is intensification in agricultural economics ? An increase in the land factor and reduction in other production factors An increase in all production factors other than land, per land unit An increase in all production factors including land An increase in yields None The term technological progress can be used : If the same quantity of outputs can be produced while reducing the quantity of inputs If production can be increased while increasing the quantity of inputs If the same quantities can be produced using the same quantity of inputs If intensive technology is chosen over extensive technology Can public policies help encourage the adoption of these technologies ? Yes No None « A cereal farmer grows wheat. He can choose between three different technologies. Each technology uses a quantity of inputs and has an associated yield. Wheat Inputs (units/ha) Yield (tons/ha) Technology 1 25 4.5 Technology 2 25 5.5 Technology 3 35 6 The land area of the farm is 50 ha. The objective of the farmer is to maximize his income.» Without writing the model in GAMS, which technology should the farmer opt for in your opinion, when you observe the data ? It is impossible to know Technology 3 Technology 2 Technology 1 None « A cereal farmer grows wheat. He can choose between three different technologies. Each technology uses a quantity of inputs and has an associated yield. Wheat Inputs (units/ha) Yield (tons/ha) Technology 1 25 4.5 Technology 2 25 5.5 Technology 3 35 6 The land area of the farm is 50 ha. The objective of the farmer is to maximize his income. »We are trying to determine the technology which the farmer will choose, knowing that :The price of inputs is 10€/unit.The selling price of wheat is 150€/ton. What technology will be used ? Technology 3 Technology 2 Technology 1 None « A cereal farmer grows wheat. He can choose between three different technologies. Each technology uses a quantity of inputs and has an associated yield. Wheat Inputs (units/ha) Yield (tons/ha) Technology 1 25 4.5 Technology 2 25 5.5 Technology 3 35 6 The land area of the farm is 50 ha. The objective of the farmer is to maximize his income. » We are trying to determine the technology which the farmer will choose, knowing that :The price of inputs is 10€/unit.The selling price of wheat changes from 150€/ton to 210€/ton. Does this change have an impact on the choice of the farmer ? If it does, what impact is that ? Yes, the farmer will opt for technology 1 Yes, the farmer will opt for technology 3 No, it has no impact Yes, the farmer will opt for technology 2 None Time's up
