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The portion of agricultural product that is sold by farmers in market is popularly known as
Question

The portion of agricultural product that is sold by farmers in market is popularly known as

A.

marketable agriculture product

B.

permitted agriculture product

C.

minimum marketed product

D.

marketed surplus

Correct option is D

The correct answer is (d) marketed surplus

  • Marketed surplus is the amount of a crop that a farmer sells in the market, regardless of their family's needs, farm requirements, or other payments.
  • The marketed surplus can be more, less, or equal to the marketable surplus.

Information Booster:

  • Marketable agricultural products are the portion of a farmer's total output that is sold in the market.
  • The difference between the total output and the portion consumed by the farmer is the marketable surplus.
  • A minimum marketable product (MMP) is a functional product with the bare minimum features needed to launch quickly and gather user feedback

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