Ceteris paribus,if the cost of insecticide decreases for tomato farmers,in order to maximize profits tomato farmers should:

Question

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If the cost of insecticide decreases, it means that the cost of production for tomato farmers decreases. This is because farmers would now spend less to control pests and diseases affecting their tomatoes. As a result, the marginal cost of producing tomatoes decreases, indicating lower production costs. In order to maximize profits, farmers should increase their output to take advantage of the lower production costs. An increase in output will increase revenue, and if revenue increases more than the increase in costs, profits will rise.

Ceteris Paribus,if the Cost of Insecticide Decreases for Tomato Farmers,in