A farmer has developed a new type of fertilizer. This new fertilizer costs 20 percent more to produce than the old fertilizer but has better results: the same land now produces 25 percent more crops each year.

Which statement best describes one way the farm will be affected by using this new fertilizer?

A. The farm's marginal benefits for each piece of land will increase.
B. The farm's opportunity cost for each piece of land will decrease.
C. The farm's marginal benefits for each piece of land will decrease.
D. The farm's opportunity cost for each piece of land will increase.

Question

01-08-2024
Business

Answered

Connect with a global community of experts on IDNLearn.com. Join our Q&A platform to get accurate and thorough answers to all your pressing questions.

A farmer has developed a new type of fertilizer. This new fertilizer costs 20 percent more to produce than the old fertilizer but has better results: the same land now produces 25 percent more crops each year.

Which statement best describes one way the farm will be affected by using this new fertilizer?

A. The farm's marginal benefits for each piece of land will increase.
B. The farm's opportunity cost for each piece of land will decrease.
C. The farm's marginal benefits for each piece of land will decrease.
D. The farm's opportunity cost for each piece of land will increase.

Sagot :

Thank you for using this platform to share and learn. Don't hesitate to keep asking and answering. We value every contribution you make. Thanks for visiting IDNLearn.com. We’re dedicated to providing clear answers, so visit us again for more helpful information.

Evaluate. Or Calculate The Value

To Make Orange Paint, Pedro Mixes Red Paint And Yellow Paint In The Ratio 3:2. If He Uses 8.5 Gallons Of Yellow Paint, How Many Gallons Of Red Paint Does He Use

What Is The Probability That A Randomly Selected Dunlop Tire Lasts Between 65000 And 80000 Miles?

Your Knee Is Called A Hinge Joint Ithe Is Called This Because It Bends Like The Hinge On A Door What Are Some Other Examples Of Joints In Your Body That Work Li

Help With "Eveline" By James Joyce To Eveline, Frank Represents ________. A. Past Grievances B. Familiarity C. Present Obligations D. Escape

What's The Difference Between Murder And Execution

On January 1st, Jerome Concocts A Rumor And Tells Beth. On January 2nd, They Each Tell A New Person. By The End Of January 2nd, Four People Have Heard The Rumor

The Eighteenth Amendment, "Prohibition," Was Reversed By The _______ Amendment. A. Twenty-second B. Twenty-first C. Twentieth D. Nineteenth

Which Sentence Is Correct? A. The Observers Up Front Were Asked To Set Down So That The Ones In The Back Could See. B. The Observers Up Front Were Asked To Sit

If A = 3 Units, B = 7 Units, And C = 10 Units, What Is The Volume Of The Three Prisms Above? a 210 Cubic Units b 153 Cubic Units c 180 Cubic Units d 162 Cubic U

GinnyAnsweridn GinnyAnsweridn · Answer 1 · 2024-08-01T11:07:21-04:00

Final answer:

Using the new fertilizer will likely increase the farm's marginal benefits for each piece of land.

Explanation:

By using the new fertilizer that costs 20 percent more to produce but increases crop production by 25 percent, the farm's marginal benefits for each piece of land will likely increase. This is because the additional cost of production is outweighed by the higher crop yields, enhancing the benefits per piece of land.

Learn more about impact of using new fertilizer on farm economics here:

https://brainly.com/question/12341284

Sagot :

Final answer:

Explanation:

Learn more about impact of using new fertilizer on farm economics here:

Other Questions