Answer the following questions true (T) or false (F)
1. U.S. farms tend to be diversified rather than specialized.
2. One out of every six jobs in the U.S. economy is tied to the food and fiber sector.
3. The share of the food dollar for food eaten at home is slightly more than 50%.
1. FALSE
2. TRUE
3. TRUE
Economics
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A producer can raise profit by expanding output if his:
a. marginal revenue is equal to marginal cost. b. marginal revenue is less than marginal cost. c. marginal revenue is negative. d. marginal cost is negative. e. marginal revenue is greater than marginal cost.
Economics
Labor unions, when successful, increase the total employment opportunities offered by a firm
a. True b. False Indicate whether the statement is true or false
Economics