To maximize farm profits.

To minimize production costs.

To ensure food security.

To promote sustainable agriculture.

Fertilizers

Labor wages

Rent on farmland

Fuel for tractors

Total product is always increasing.

Marginal product is always decreasing.

Total product increases at a decreasing rate.

Marginal product is always positive.

Break-even point

Profit-maximizing point

Loss-minimizing point

Equilibrium point

Explicit costs are paid to external suppliers, while implicit costs are internal costs.

Explicit costs are variable costs, while implicit costs are fixed costs.

Explicit costs are short-term costs, while implicit costs are long-term costs.

Explicit costs are cash costs, while implicit costs are non-cash costs.

Total revenue = Price per unit * Quantity sold

Total revenue = Total cost + Profit

Total revenue = Marginal revenue * Quantity sold

Total revenue = Average revenue * Quantity sold

Supply is the total amount of a product that producers are willing and able to sell at a given price.

Quantity supplied is the amount of a product that producers are willing and able to sell at a given price.

Supply is the relationship between price and quantity supplied.

Quantity supplied is the relationship between price and supply.

As price increases, quantity demanded decreases.

As price decreases, quantity demanded increases.

Quantity demanded is independent of price.

Quantity demanded is directly proportional to price.

In a perfectly competitive market, there are many buyers and sellers, while in a monopoly, there is only one seller.

In a perfectly competitive market, there is no product differentiation, while in a monopoly, there is product differentiation.

In a perfectly competitive market, prices are determined by supply and demand, while in a monopoly, prices are set by the monopolist.

All of the above.

To regulate agricultural markets.

To provide subsidies to farmers.

To conduct research and development in agriculture.

All of the above.

As the size of a farm increases, the average cost of production decreases.

As the size of a farm increases, the average cost of production increases.

Economies of scale are not relevant in agricultural production.

Economies of scale only occur in manufacturing industries.

Cash crops are grown for sale, while subsistence crops are grown for consumption by the farmer's family.

Cash crops are typically more profitable than subsistence crops.

Cash crops require more inputs than subsistence crops.

All of the above.

Technology can increase agricultural productivity.

Technology can reduce the cost of agricultural production.

Technology can improve the quality of agricultural products.

All of the above.

Climate change

Population growth

Food security

All of the above.

Price supports

Production quotas

Subsidies

All of the above.