This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A farmer is deciding whether or not to add fertilizer to his or her crops. If the farmer adds 1 ... (Read 178 times)

iveyjurea

  • Hero Member
  • *****
  • Posts: 555
on: Jun 30, 2018
A farmer is deciding whether or not to add fertilizer to his or her crops. If the farmer adds 1 pound of fertilizer per acre, the value of the resulting crops rises from 80 to 100 per acre. According to marginal analysis, the farmer should add fertilizer if it costs less than:
 a. 12.50 per pound. b. 20 per pound.
  c. 80 per pound. d. 100 per pound.

Question 2

The amount of a good that is given up to produce another good is:
 a. its dollar cost.
  b. its opportunity cost.
  c. its relative cost.
  d. its absolute cost.
  e. all of these.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

alexisweber49

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

b


iveyjurea

  • Hero Member
  • *****
  • Posts: 555
Reply #2 on: Jun 30, 2018
Thank you


alexisweber49

  • Sr. Member
  • ****
  • Posts: 311
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

The production of transgenic crops The production of transgenic crops
Water amount needed to grow crops Water amount needed to grow crops
The Green Revolution and Fertilizer Impacts The Green Revolution and Fertilizer Impacts
A farmer is building a new cylindrical silo that will hold 1800 cm3 of corn. Wha A farmer is building a new cylindrical silo that will hold 1800 cm3 of corn. Wha
A farmer has 100 acres of land on which she plans to grow wheat and corn. Each acre of wheat ... A farmer has 100 acres of land on which she plans to grow wheat and corn. Each acre of wheat ...
Lawn Fertilizer and Water Pollution Lawn Fertilizer and Water Pollution
Video: Medullary osmotic gradient - influencing factors

For a complete list of videos, visit our video library