A New Fertilizer Has Been Discovered That Significantly Increases the Corn

question 89

Multiple Choice

A new fertilizer has been discovered that significantly increases the corn crop yield per acre. As a result, the farmers':

• A) average total cost curves become downward-sloping.
• B) long-run average total cost curve becomes flatter.
• C) average total cost curve shifts downward.
• D) cost curves do not change their shape or position.

---

Definitions:

Job Control Unionism

A labor union strategy focusing on controlling work practices, job allocations, and other aspects of employment to protect members' interests.

Scientific Management

A management theory that analyzes and synthesizes workflows to improve economic efficiency, especially labor productivity.

Detrimental

Refers to something that causes damage, harm, or a negative effect.

Managerial Control

The authority and processes through which managers direct and organize resources, activities, and people to achieve organizational goals.