Refer to the information provided in Figure 7.8 below to answer the question(s) that follow. 
Figure 7.8Refer to Figure 7.8. The slope of isocost CD is
A. greater than the slope of isocost AB.
B. less than the slope of isocost AB.
C. equal to the slope of isocost AB.
D. indeterminate from this information, as the prices of capital and labor are not given.
Answer: C
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If more and more labor is employed while keeping all other inputs constant, the marginal physical productivity of labor will eventually:
a. increase. b. decrease. c. remain constant. d. cannot tell from the information provided.
Which of the following is true of the agricultural sector in developing countries??
What will be an ideal response?
Individual transferable quotas (ITQs):
A. promote efficiency and limit catches. B. promote efficiency in production but still lead to overfishing. C. limit catches but encourage production cost increases that are inefficient. D. have failed to limit catches or promote efficiency.
Historically, many aspects of U.S. farm policies had their origins in the:
A. Agricultural Extension Service Act. B. Agricultural Adjustment Act. C. Homestead Act. D. Land Grant Act.