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.
b
Economics
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The larger the deadweight loss from taxation, the larger the cost of government programs
a. True b. False Indicate whether the statement is true or false
Economics
What does the equation 
denote if the regression equation is 
?
A. The explained sum of squares B. The total sum of squares C. The sample regression function D. The population regression function
Economics
The Fed seeks a target rate of inflation of around _____
Fill in the blank(s) with the appropriate word(s).
Economics
An employer asking for a list of references from a potential employee is an example of:
A. statistical discrimination. B. screening. C. building a reputation. D. signaling.
Economics