Of the Following Factors, Availability of _______ May Be the Most

question 26

Multiple Choice

Of the following factors, availability of _______ may be the most limiting with respect to sustainable food production for a growing population.

• A) fertilizers
• B) fresh water
• C) arable land
• D) organically grown foods

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Definitions:

Economic Profit

The deviation between complete revenue and cumulative liabilities, including both named and unnamed expenses.

Average Total Cost

The cost per unit of output, calculated by dividing the entire cost of production by the total quantity produced.

Short Run

A period in which at least one input is fixed, limiting the capacity for a firm or economy to adjust to changes in demand or supply.

Produce

To create, manufacture, or grow goods and commodities, especially in the context of agriculture and manufacturing.