Ask Question
10 November, 11:12

The net benefit ratio (NBR) can be interpreted as the:

a. Percentage change in quantity demanded of food resulting from a 1% change in the price of crop's price.

b. Percentage change in quantity demanded of food resulting from a 1% change in the income of households.

c. Percentage change in welfare demanded of food resulting from a 1% change in the price of crop's price substitutes.

d. Percentage change in welfare resulting from a 1% change in the crop's price.

+3
Answers (1)
  1. 10 November, 12:15
    0
    d. Percentage change in welfare resulting from a 1% change in the crop's price.

    Explanation:

    (Net benefit ratio is the ratio of benefits to costs. So, it can be interpreted as percentage change in welfare resulting from 1% change in crop's price)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The net benefit ratio (NBR) can be interpreted as the: a. Percentage change in quantity demanded of food resulting from a 1% change in the ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers