Suppose the Cost of Insecticide (A Variable Input)decreases for Broccoli

question 136

Multiple Choice

Suppose the cost of insecticide (a variable input) decreases for broccoli farmers.In order to maximize profits,ceteris paribus,broccoli farmers should

• A)Decrease output.
• B)Keep output the same since the market price did not change.
• C)Increase output.
• D)Increase prices.

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Definitions:

Carbon Cycle

The worldwide circulation of carbon from the abiotic environment into living things and back into the abiotic environment.

Photosynthetic Organisms

Organisms capable of photosynthesis, a process that converts light energy into chemical energy, typically involving the production of oxygen from carbon dioxide.

Carbon Dioxide

Created both by the burning of organic matter and the act of respiration, this gas, which neither has color nor a detectable odor, is essential for plant photosynthesis.

Phosphorus Sink

An ecosystem or part of an ecosystem that absorbs more phosphorus than it releases, often leading to phosphorus accumulation.