The Green Revolution Depends on Several Factors for Success

question 58

Multiple Choice

The Green Revolution depends on several factors for success.What is NOT one of those?

• A) machinery
• B) new seeds
• C) chemical fertilizers
• D) small-scale farming
• E) all of the above are factors needed to succeed

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Definitions:

Marginal-Cost Curve

A graphical representation depicting how the cost of producing one additional unit of a good varies as the quantity produced changes.

Average-Total-Cost Curve

A curve that shows the average total cost of production at different levels of output, typically U-shaped due to economies and diseconomies of scale.

Average-Total-Cost Curve

A graphical representation showing how the average total cost of producing a good changes as the quantity produced changes.

Average-Fixed-Cost

The fixed costs of production divided by the quantity of output produced; it decreases as production increases.