A farm is able to produce 10,000 bushels of peanuts per season on 10 acres. Assume it adds one more acre and is able to produce 12,000 bushels per season. The marginal product of the additional acre of land for this farm is:
A) 10,000 bushels per acre per year.
B) 1,200 bushels per acre per year.
C) 2,000 bushels per acre per year.
D) 12,000 bushels per acre per year.
Correct Answer:
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