select the correct answer.\nthis graph shows the increase in fertilizer and the resulting change in yield…

select the correct answer.\nthis graph shows the increase in fertilizer and the resulting change in yield for a cotton farm.\nat what point is the marginal benefit of applying additional fertilizer no longer greater than the marginal cost of the fertilizer?\na. 3 gallons\nb. 4 gallons\nc. 5 gallons\nd. 6 gallons\ne. 7 gallons

select the correct answer.\nthis graph shows the increase in fertilizer and the resulting change in yield for a cotton farm.\nat what point is the marginal benefit of applying additional fertilizer no longer greater than the marginal cost of the fertilizer?\na. 3 gallons\nb. 4 gallons\nc. 5 gallons\nd. 6 gallons\ne. 7 gallons

Answer

Answer:

B. 4 gallons

Explanation:

Step1: Understand marginal concept

Marginal benefit is the additional yield from extra fertilizer. Marginal cost is cost of extra fertilizer.

Step2: Analyze the graph

As more fertilizer is added, the increase in cotton - harvested (marginal benefit) starts to level off.

Step3: Identify the point

At 4 gallons of additional fertilizer per acre, the marginal benefit (increase in yield) starts to become very small compared to previous amounts. After 4 gallons, adding more fertilizer does not significantly increase the yield, meaning the marginal benefit is no longer greater than the marginal cost.