Which of the following is NOT a principle of farm management?
APrinciple of diminishing returns
BPrinciple of comparative advantage
CPrinciple of opportunity cost
DPrinciple of maximum sustainable yieldCORRECT
GCEAgricultural ScienceFarm Management and Records2023
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Why the answer is D, and why the others tempt you.
The principle of maximum sustainable yield is a concept used in fisheries and wildlife management, not a core principle of farm management. The recognized principles of farm management include the law of diminishing returns, opportunity cost, comparative advantage, factor-product relationships, and enterprise combination.
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