-Gabriel Operates a Ranch in Idaho Where He Raises Cattle

question 85

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 growing another ton of potatoes?

• A) 400 cows
• B) 80 cows
• C) 100 cows
• D) 0 cows
• E) 1 ton of potatoes

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Definitions:

Social Group

describes a collection of individuals who share some form of interaction, common goals, or a sense of belonging, typically characterized by social cohesion and group identity.

Interaction

The reciprocal action or influence between two or more entities or substances, often leading to a specific outcome.

Entitativity

The perception or degree to which a group is seen as a coherent, unified entity.

Coherent

Characterized by a logical, consistent, and orderly connection of parts, making them understandable and clear.