Business, 30.09.2021 18:50 tiaharris3191

L 1.1.6 Quiz: Economic Decision Making Question 6 of 10
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 opportunity cost for each piece of land will increase.
B. The farm's marginal benefits for each piece of land will increase.
Ο Ο
C. The farm's opportunity cost for each piece of land will decrease.
D. The farm's marginal benefits for each piece of land will decrease.

Answers: 3

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L 1.1.6 Quiz: Economic Decision Making Question 6 of 10
A farmer has developed a new type of...

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