Let P,q,and W Represent the Crop Price,fertilizer Price and Harvest-Season

question 13

Multiple Choice

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

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Definitions:

Valued Resources

Assets or materials that are considered important or valuable within a society or community, often contributing to its well-being and development.

Approval

Formal consent or agreement given towards an action, policy, or decision.

Social Interaction

The process by which individuals act and react in relation to others, thereby creating socially reciprocal relationships and structures.

Cooperation

A basis for social interaction in which power is more or less equally distributed between people of different status. The dominant emotion in cooperative interaction is trust. Cooperation may also be defined more generally as the human capacity to create a complex social life.