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Posts: 60
3 days ago

Which of the following statements is false?



• Agricultural economics is an applied social science.

• The rational consumer maximizes satisfaction subject to a budget constraint.

• Regardless of the commodity, the farmer always receives 20 cents of the dollar spent in food.

• The Latin phrase ceteris paribus means everything else the same or holding all other factors constant.
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Introduction to Agricultural Economics
Edition: 7th
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Posts: 61
3 days ago
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Regardless of the commodity, the farmer always receives 20 cents of the dollar spent in food.
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