Social Studies, 20.09.2020 15:01, pandamaknae2003

A farmer has developed a new type of fertilizer. this new fertilizercosts 20% more to produce than the old fertilizer but has better results. the same land now produces 25% more crops each year. which statement best describes one way the farm will be affected by using this new fertilizer?

a: the farms marginal cost for fertilizer will increase
b: the farms marginal cost for fertilizer will decrease
c: the farms opportunity cost for using fertilizer will increase
the farms opportunity cost for using fertilizer will decrease

Answers: 3

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A farmer has developed a new type of fertilizer. this new fertilizercosts 20% more to produce than t...