A Farmer Is Deciding Whether or Not to Add Fertiliser

question 62

Multiple Choice

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

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

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Definitions:

Formal Schooling

Education provided in a systematic and structured environment such as schools, following a specific curriculum.

Interdependent Culture

Societies or groups where individuals see themselves as part of a larger community, prioritizing group goals over individual achievements.

Collectivist Values

Cultural values that emphasize the needs, goals, and views of the group over those of the individual.

Refugee Camps

Temporary settlements built to provide immediate shelter and support to people who have been forced to flee their home country.