One of the factors that determine the supply of agricultu...
One of the factors that determine the supply of agricultural produce in Nigeria is
Price of substitutes
Technological development
Consumers choice
Consumers income
Correct answer is B
Technological development; technological advances are an important factor in agriculture supply. Individual people can consume only a limited amount of food, but technology has contributed greatly to the ability of producers to grow more. Technology has been used to improve the performance of almost everything in agriculture, from seeds to livestock to equipment.
The adoption of technology in agriculture has expanded agricultural output over a range of prices. In other words, applying new technology to agricultural production has lowered costs, so at each price more production is offered for sale.
Total fixed cost measures the cost of ...
Which of the following can be considered as being outside the objectives of public finance? ...
Economists refer to private goods as ...
The full meaning of OPEC is ...
The losses suffered by a sole proprietor are ...
If the price Index of export is 140% and import is 200%, what is ...
Economic growth can be defined as ...
Which of the following is most likely to be of benefit to a debtor? ...