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Unlike other similar books, this stepbystep introduction to basic economics focuses on economic and management decision making in agriculture, specifically; systematically explores the full range of theoretical tools; and then relates them to practical management situations using realworld data and examples and the most uptodate agricultural policy. Covers the full range of tools for management decision making (how much to produce, how to produce, what to produce) e.g., physical production relationships, cost relationship in production, utility maximization and Consumer Demand Theory, supply and demand, and market price determination. Explores a variety of managerial situations and tools e.g., competitive decision making; noncompetitive decision making; time, risk, and uncertainty. Considers the decision making environment e.g., marketing activities, governmental impacts in agriculture, macroeconomic policy linkages to agriculture and agribusiness, international trade and agriculture, and environmental considerations. Uses realworld data and examples to illustrate basic theoretical concepts. For those interested in agricultural management and agricultural economics.
⚠️ WARNING (California Proposition 65):
This product may contain chemicals known to the State of California to cause cancer,
birth defects, or other reproductive harm.
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