Grahame has a crocodile farm.He collects eggs from the wild which are hatched on the farm.Suppose flooding is very severe this year and eggs become much harder to find.As a result, Grahame should expect to see the marginal productivity of his land:

Question

Quizplus · Accepted Answer

When eggs become harder to find, they become a more scarce resource. This scarcity increases the value of each egg, thus increasing the marginal productivity of the land used to hatch and raise the crocodiles from these eggs.

Grahame Has a Crocodile Farm