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| Monson, Michael J.; Boessen, Christian R.. |
| What is an individualized self-scoring assessment for an agricultural economics major? It is a homework assignment that is unique for each student in the class and provides immediate feedback to the student on the correctness of the work. The principle is to generate unique problems, whether it is as simple as the basic intercept and slope of supply and demand equations for an introductory economics class, the parameters of a production function for a production economics, or the interest rate for agricultural finance. One must be aware in constructing the generator algorithms for problem parameters that any necessary conditions will be satisfied a priori such as downward sloping demand, concavity or convexity for maximization or minimization. These... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Teaching/Communication/Extension/Profession. |
| Ano: 2007 |
URL: http://purl.umn.edu/9923 |
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| Taylor, Timothy G.; Monson, Michael J.. |
| A four equation input demand system for aggregate Southeastern United States agriculture consistent with dynamic optimizing behavior is specified and estimated. Labor and materials are considered as variable inputs while land and capital are treated as quasi-fixed inputs. It is found that the adjustment rates for capital and land differ considerably and are interdependent. Further, the data appear consistent with the existence of an aggregate production technology and the hypothesized optimizing behavior. |
| Tipo: Journal Article |
Palavras-chave: Farm Management. |
| Ano: 1985 |
URL: http://purl.umn.edu/37202 |
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