As Production of Food Increases, Marginal Benefit from Food

question 146

Multiple Choice

As production of food increases, marginal benefit from food

• A)increases and marginal cost increases.
• B)increases and marginal cost decreases.
• C)decreases and marginal cost increases.
• D)decreases and marginal cost decreases.
• E)decreases and marginal cost is zero.

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Definitions:

Enforceable Security Interest

A legal claim or right granted to a creditor to secure repayment of a debt that can be enforced by law.

Commitment

An obligation or pledge to do something in the future, such as a promise made by a person or an institution to undertake certain actions.

Financing Statement

A document filed to give public notice typically of a secured transaction involving personal property, which helps establish the priority of the filer's interest in the property.

Collateral

Assets pledged by a borrower to secure a loan or guarantee repayment, which can be seized in case of default.