Which of the Following Factors Is Most Likely to Shift

question 110

Multiple Choice

Which of the following factors is most likely to shift the cost curves of an Iowa corn farmer downward?

• A) an increase in the price of fertilizer
• B) an increase in the tax on diesel fuel, which is used by the farmer
• C) the development of a new, more efficient corn harvester
• D) the adoption of a regulation requiring farmers to treat their crops with three new pesticides.

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Definitions:

Cones

Photoreceptor cells in the retina of the eye that are responsible for color vision and function best in relatively bright light.

Vision

the ability to see; the faculty of sight.

Color

The characteristic of visual perception described through hues, such as red, blue, and yellow, determined by the spectrum of light.

Lens

A transparent optical device used to converge or diverge transmitted light and to form images.