If a farmer supplies 10 thousand bushels at $2 per bushel and 12 thousand at $4 per bushel, the supply elasticity is

Suppose that the income elasticity of demand for double bacon cheese ½ pound burgers (Delux burgers)  is 0.75. Which of the following is true?

Which of the following will cause the demand curve for eggs to increase?

The optimal production output is defined as MVP=MFC

The stage of production where the TPP begins to decline (the marginal physical product is negative) corresponds to:

An example of average physical product in agriculture is the yield, number of bushels of corn produced, per acre: 

The graph represents 

TPP is a function of:

If the percentage change in supply is 2% due to a price change is 5%, the supply elasticity is

Marginal Factor Cost is equal to