Which fundamental economic question is most closely related to the issues of inc

Question

Which fundamental economic question is most closely related to the issues of income distribution and poverty? A) The What to Produce question. B) The Why to Produce question. C) The How to Produce question. D) The For Whom to Produce question Save Question 5 (1 point) 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 $30 to $40 per acre. According to marginal analysis, the farmer should add additional fertilizer if it costs less than A) $10 per pound. B) $20 per pound. C) $30 per pound. D) $40 per pound.

Explanation / Answer

Anwer is A

The farmer should add additional fertilizer if costs less than $10 per pound.

Solution

$40 - $30 = $10 is the Marginal cost.

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