Using fertilizers in farming is an example of?No cost productionLow cost productionHigh cost productionNone of these
Question
Using fertilizers in farming is an example of?
- No cost production
- Low cost production
- High cost production
- None of these
Solution
Using fertilizers in farming is an example of High cost production. Here's the reasoning behind this answer:
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Understanding Production Costs: Production costs in farming can be classified as low, medium, or high, depending on the inputs required.
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Fertilizers as Inputs: Fertilizers are chemical or organic substances that add nutrients to the soil, enhancing crop yield. The purchase and application of fertilizers involve significant expenditure.
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Comparison with Other Inputs: While there are various inputs in farming, such as labor, water, and seeds, fertilizers typically account for a larger portion of production costs, especially in intensive agricultural practices.
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Conclusion: Given the associated expenses for high-quality fertilizers, their significant impact on total farming costs categorizes the use of fertilizers as high cost production.
Thus, using fertilizers in farming typically represents high cost production.
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