-Gabriel Operates a Ranch in Idaho Where He Raises Cattle

question 109

Multiple Choice

-Gabriel operates a ranch in Idaho where he raises cattle and grows potatoes.The figure above illustrates his production possibilities frontier.What is Gabriel's opportunity cost of raising another 100 cows?

• A) 1.25 tons of potatoes
• B) 5.0 tons of potatoes
• C) 3.0 tons of potatoes
• D) 1.0 ton of potatoes
• E) 100 cows

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Definitions:

Hierarchical

A system or organization in which people or groups are ranked one above the other according to status or authority.

Four Noble Truths

Central doctrines in Buddhism that outline the nature of suffering, its origin, cessation, and the path leading to its cessation.

Buddhism

A world religion or philosophy founded in the 5th century BCE by Siddhartha Gautama, focused on the elimination of suffering through mindfulness and moral living.

Daoist Chuang-Tzu

An influential philosopher in Daoism known for his contributions to mysticism and philosophy, emphasizing simplicity and harmony with nature.