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Allocative Efficiency of Maize Growers in Khyber Pakhtunkhwa, Pakistan

Allocative Efficiency of Maize Growers in Khyber Pakhtunkhwa, Pakistan

 Aftab Khan1, Shahid Ali1, Murtaza1, Sufyan Ullah Khan2 and Syed Attaullah Shah1

1Department of Agricultural and Applied Economics, The University of Agriculture, Peshawar, Khyber Pakhtunkhwa, Pakistan; 2College of Economics and Management, Northwest A and F University, Yangling 712100, Shaanxi, China.

[email protected]  

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Figure 1

District wise distribution of Khyber PakhtunKhwa on map.
Source: Pakistan travel forum; http://www.pakistantravelforum.com/threads/khyber-pakhtunkhwa-kpk.64/

Figure 2

Shows the combination of inputs to produce the same product where the only firm at point Q is allocating his/her resources efficiently because at this point the value marginal product becomes equal to the marginal factor cost (MVPx = MFCx).  

Figure 3

Histogram of residuals
Source: Estimated from the residuals of estimated model. 

Sarhad Journal of Agriculture

September

Vol.40, Iss. 3, Pages 680-1101

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