contestada


Which statement best describes one way the farm will be affected by using
this new fertilizer?
OA. The farm's marginal cost for fertilizer will decrease.
B. The farm's opportunity cost for using fertilizer will increase.
OC. The farm's marginal cost for fertilizer will increase.
OD. The farm's opportunity cost for using fertilizer will decrease.

Respuesta :

One way the farm will be affected by using this new fertilizer is that the farm's opportunity cost for using fertilizer will decrease.

What is opportunity cost?

Opportunity cost is what an individual give up to acquire another commodity that is taken in exchange.

If the new fertilizer is better than the former one the opportunity cost for losing the old product will decrease.

Therefore, One way the farm will be affected by using this new fertilizer is that the farm's opportunity cost for using fertilizer will decrease.

Learn more on opportunity cost below

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