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Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111 Exercise 33
If a 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.
A) $12.50 per pound.
B) $20 per pound.
C) $80 per pound.
D) $100 per pound.
Explanation
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According to the marginal analysis optim...
Economics for Today 9th Edition by Irvin Tucker
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