If the utility function (U) between food (F) and clothing (C) can be represented as U = , the marginal utility of food equals

Refer to the table above. When the ________ is employed, diminishing marginal returns sets in

A) second worker B) fourth worker C) sixth worker D) eighth worker

Assuming your local cash price is quoted above the CBOT futures price, an increase in transportation costs in your area would be expected to have what effect on the basis:

A. Widen the basis. B. Strengthen the basis. C. No effect on the basis. D. Not enough information to tell.