Examlex
Which of the following terms means pertaining to fibers?
Farmers
Individuals or entities engaged in the activity of agriculture, which includes the cultivation of plants and rearing of animals for food, fiber, biofuel, medicines, and other products used to sustain and enhance human life.
Optimal Allocation
The most efficient distribution of resources within an economy to maximize the output or welfare.
MB = MC
A principle in economics indicating the optimal level of output or consumption, where the marginal benefit (MB) equals the marginal cost (MC).
Marginal Benefit
The added utility or pleasure that comes from the consumption of one more unit of a good or service.
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