Business

1 June, 08:11

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

A) $100 per pound

B) $12.50 per pound

C) $80 per pound

D) $20 per pound

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