Grahame Has a Crocodile Farm

question 136

Multiple Choice

Grahame has a crocodile farm. He collects eggs from the wild which are hatched on the farm. Suppose flooding is very severe this year and eggs become much harder to find. As a result, Grahame should expect to see the marginal productivity of his labour:

• A) decrease
• B) increase
• C) remain unchanged
• D) turn negative

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Definitions:

Selective Observation

The tendency to notice or focus on information that confirms one’s preconceptions, while ignoring contradictory evidence.

Automobile Accident

An unexpected, undesirable event involving a vehicle, often leading to damage or injury, and attributed to human error, environmental conditions, or technical failure.

Observers

Individuals or entities that watch or monitor activities, events, or behaviors without directly participating.

Traditional Thinking

Traditional thinking refers to ways of thinking that are rooted in long-established beliefs, customs, or values, often resistant to change.