Use the Table Below to Answer the Following Question

question 92

Multiple Choice

Use the table below to answer the following question.
Table 2.2.1

-Refer to Table 2.2.1.Marginal benefit from food crops

• A)equals the marginal cost of food crops.
• B)remains constant as the quantity of food crops increases from 1 tonne a day to 2 tonnes a day.
• C)cannot be calculated from the table.
• D)increases as the quantity of food crops increases from 1 tonne a day to 2 tonnes a day.
• E)equals 70 barrels of ethanol.

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Definitions:

Linear Forecast

A prediction method that assumes a straight-line relationship between variables over time, typically used to estimate future values based on past data.

All-You-Can-Afford

A budgeting approach where spending on marketing or other business activities is based on what a company can afford rather than strategic planning or revenue projections.

Percentage of Sales Budgeting

A method for setting a marketing budget based on a fixed percentage of the company's sales.

Competitive Parity

A strategy where companies set their advertising budget based on matching the competitor's absolute level of spending or the proportion per market share.