A Farmer Is Deciding Whether or Not to Add Fertilizer

question 92

Multiple Choice

A farmer is deciding whether or not to add fertilizer to his or her crops. If the farmer adds 1 pound of fertilizer per acre, the value of the resulting crops rises from $80 to $100 per acre. According to marginal analysis, the farmer should add fertilizer if it costs less than:

• A) $12.50 per pound.
• B) $20 per pound.
• C) $80 per pound.
• D) $100 per pound.

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Definitions:

Task Times

The duration required to complete specific jobs or assignments in a production or work process.

Assembly Line

A production process that breaks down the manufacture of a product into steps that are completed in a pre-defined sequence, often on a conveyor belt, to increase efficiency.

Required Times

The specific durations needed to complete tasks or activities within a process, project, or operating schedule.

Cycle Time

The total time from the beginning to the end of a process, indicating the speed at which a complete cycle can be executed.