Let p,q,and w represent the crop price,fertilizer price and harvest-season wage.Which of the following is an expression for the expected change in profits from adopting a new technology?
A) Δπ = p ΔY + q ΔF - w ΔL
B) Δπ = p ΔY - q ΔF + w ΔL
C) Δπ = p ΔY + q ΔF + w ΔL
D) Δπ = p ΔY - q ΔF - w ΔL
Correct Answer:
Verified
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