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A farmer has developed a new type of fertilizer. this new fertilizer costs 20 percent mre to produce than the old fertilizer but has better
A farmer has developed a new type of fertilizer. this new fertilizer costs 20 percent mre 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 decrease b. the farm's opportunity cost for each piece of land will decrease c. the farm's opportunity cost for each piece of land will increase d. the farm's marginal benefits for each piece of land will increase
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