Find all School-related info fast with the new School-Specific MBA Forum

 It is currently 25 May 2013, 20:36

# 1000 CR - confusing pls help

Author Message
TAGS:
Intern
Joined: 11 Jun 2007
Posts: 18
Followers: 0

Kudos [?]: 0 [0], given: 0

1000 CR - confusing pls help [#permalink]  26 Sep 2007, 09:57
00:00

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions
Pls help me out in deciphering this challenging question

Some observers have concluded that the rise in the price of pepper means that the switch by some growers from pepper to cocoa left those growers no better off than if none of them had switched; this conclusion, however, is unwarranted because it can be inferred to be likely that
(A) those growers could not have foreseen how high the price of pepper would go
(B) the initial cost involved in switching from pepper to cocoa is substantial
(C) supplies of pepper would not be as low as they are if those growers had not switched crops
(D) cocoa crops are as susceptible to being reduced by bad weather as are pepper crops
(E) as more growers turn to growing cocoa, cocoa supplies will increase and the price of cocoa will fall precipitously
Director
Joined: 18 Jul 2006
Posts: 536
Followers: 1

Kudos [?]: 14 [0], given: 0

C...supply and price..
Manager
Joined: 18 Jun 2007
Posts: 55
Followers: 1

Kudos [?]: 0 [0], given: 0

(A) those growers could not have foreseen how high the price of pepper would go

The price of pepper is already mentioned, we can't use outside knowledge. If the they knew that the price of pepper was going up, then they would have stayed and made more money.

The price of pepper seems to have been lower than that of cocoa, which might explain why farmers switched to cocoa (the higher priced good). They mustn't have known that pepper would rise, if they did they probably wouldn't have switched.
Similar topics Replies Last post
Similar
Topics:
Little confused..Pls help 1 09 Nov 2005, 03:44
Ready to help with the 1000 SC's and CR's. 0 02 Apr 2006, 05:58
CR 1000 - Questions [Help] 1 04 Apr 2006, 01:46
Help ! LSAT CR 1000 1 06 Sep 2006, 10:53
Suppose the question asks whether the number m is odd? 2 10 Sep 2010, 11:58
Display posts from previous: Sort by