to
give a basic idea of the relations between resources and production,
resource-supply relations, production-production relations, and the
relationship of costs to each other, as well as the relationship of production
to costs. Such relationships are extremely important for understanding the
problem of optimal distribution of resources in agriculture. The importance of
studying the production functions of the economic establishment lies in the
fact that this establishment tries to achieve the largest possible profit when
operating the purchased resources to produce a specific output, and this means
the rational behavior of the economic establishment imposed by economic theory.
- Recognizing concepts related to economic theories related to production
economics.
Analyze the different relationships between production and production
elements and between production and production costs.
- Determining the optimal level of use of production elements that maximize
profits.
Determine the optimal level of production that maximizes profits.
Estimating the level of wastage of resources and the level of expansion in
production.
- The use of statistical programs in the analysis of economic relations
Using the computer in estimating the economic relations between the
variables and interpreting the results.
- Estimating the economic efficiency of the production unit and determining
the level of wastage of resources and the level of expansion of production.
