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Understanding Marketable Surplus Concept
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Understanding Marketable Surplus Concept

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Questions and Answers

What is the marketable surplus?

  • The quantity of produce stored for future consumption
  • The total quantity of produce grown by the farmers
  • The quantity of produce sold in the market
  • The quantity of produce available to the non-farm population after meeting the farmer's needs and obligations (correct)
  • What are included in a farmer's marketable surplus calculation?

  • Only family consumption and farm needs
  • Payments to labor and artisans, rent, and social/religious payments
  • Only payments to labor and artisans
  • Family consumption, farm needs, payments to labor and artisans, rent, and social/religious payments (correct)
  • What does the marketable surplus equation MS = P - C represent?

  • The marketable surplus as a sum of produce and consumption needs
  • The total market value of the surplus produce
  • The marketable surplus as a difference between produce and consumption needs (correct)
  • The total amount of produce available for sale
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