Which of the Following Statements About Farm Cooperatives Is Most

question 53

Multiple Choice

Which of the following statements about farm cooperatives is most accurate? Farm cooperatives have:

• A)Declined in importance in recent years.
• B)Become a major force in American agriculture.
• C)Run afoul of U.S.antitrust laws in recent years.
• D)Increased in number,but decreased in size in recent years.

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Definitions:

Costs

Costs refer to the expenditures incurred by a business in the process of generating revenues.

Unit Contribution Margin

The difference between the selling price per unit and the variable cost per unit.

Fixed Costs

Expenses that remain constant regardless of the amount of production or sales, including rent, wages, and insurance premiums.

Mixed Cost

A cost that contains both fixed and variable components and changes with the level of output but not directly in proportion.