Which Is a True Statement Regarding Agriculture in Texas

question 12

Multiple Choice

Which is a true statement regarding agriculture in Texas?

• A) It is hampered by poor rail, road, and harbor facilities.
• B) It sells most of its output in Texas grocery stores.
• C) It produces commodities that are largely processed outside the state.
• D) It is characterized by an increasing number of farms with small acreages.

---

Definitions:

Market Price

The price at which a product or service is currently sold in the market.

Technology

The application of scientific knowledge for practical purposes, especially in industry and the creation of inventions to solve problems or improve processes.

Short-Run Total Cost Function

A formula showing the total cost of production when at least one factor of production is fixed in the short run.

Average Cost

Calculated by dividing the total cost of production by the number of goods produced.