The production of rice and yam on the same farmland is an example of

SirClassic

3 years ago

Option A is INCORRECT!
Joint supply occurs when two goods/factors that serve one purpose are supplied together, e.g, palm kernel and palm oil.

But when one good/factor that serves more than one purpose are supplied, this is called a "Composite Supply".
Example: One farmland (i.e, one factor) used for more than one purpose (i.e, planting 1. Yam and 2. Rice) is a "Composite Supply".
The CORRECT option is "C"
Date: 05-02-23 [2:14pm]

Hayoe_leoh

3 years ago

Rice and yam is not a joint supply

queensari

3 years ago

The answer is B

SirClassic

3 years ago

Sorry option "B" I meant to say.
B. Composite Supply