The Number of Cattle Slaughtered Every Year for Meat Far

question 51

Multiple Choice

The number of cattle slaughtered every year for meat far exceeds the number of elephants slaughtered every year for their ivory. Despite this, cows can be found everywhere while elephants are on the verge of extinction in some countries. Which of the following best explains this difference?

• A) Cows can be privately owned while in many countries elephants can not.
• B) The demand for ivory far exceeds the demand for beef.
• C) Animals slaughtered for their meat are generally better conserved by humans than animals slaughtered for nonfood uses.
• D) People tend to protest more every year to prevent cow extinction than they do for elephant extinction.

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Definitions:

Fixed Cost

Expenses that do not change with the level of production or sales over the short term, such as rent, salaries, and insurance.

Period Cost

An expense that is not directly tied to the production process but rather incurred over a specific time period.

High-low Method

A technique used in accounting and finance to estimate variable and fixed costs based on the highest and lowest levels of activity.

Total Fixed Costs

The sum of all costs that do not change with the level of production or sales, over a specified period of time.