Economics: Principles, Problems, and Policies, 19th Edition

Published by McGraw-Hill Education
ISBN 10: 0073511447
ISBN 13: 978-0-07351-144-3

Chapter 7 - Businesses and the Costs of Production - Questions - Page 160: 3c

Answer

Changing the amount of fertilizer used would be a short-run adjustment.

Work Step by Step

Although the changing of the amount of fertilizer for a farmer would most likely imply a significant change in cost of production, regardless of the production size of the farm, fertilizer is still a variable cost since it can be varied in the short run (presuming that there is no contract that binds the farmer to buy a fixed quantity of fertilizer in the long run). Thus, since it can be varied easily, it is a short run adjustment.
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