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

It is currently 26 May 2013, 02:21
Customize  |  Hide

Hardin argued that grazing land held in common (that is,

  Question banks Downloads My Bookmarks Reviews  
Author Message
TAGS:
Manager
Manager
Joined: 29 Sep 2006
Posts: 95
Followers: 1

Kudos [?]: 1 [0], given: 0

Hardin argued that grazing land held in common (that is, [#permalink] New post 11 Oct 2006, 09:12
00:00

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions
Hardin argued that grazing land held in common (that is, open to any user) would always be used less carefully than private grazing land. Each rancher would be tempted to overuse common land because the benefits would accrue to the individual, while the costs of reduced land quality that results from overuse would be spread among all users. But a study comparing 217 million acres of common grazing land with 433 million acres of private grazing land showed that the common land was in better condition

Which of the following, if true, and known by the ranchers, would best help explain the results of the study?
(A) With private grazing land, both the costs and the benefits of overuse fall to the individual user.
(B) The cost in reduced land quality that is attributable to any individual user is less easily measured with common land than it is with private land.
(C) An individual who overuses common grazing land might be able to achieve higher returns than other users can, with the result that he or she would obtain a competitive advantage.
(D) If one user of common land overuses it even slightly, the other users are likely to do so even more, with the consequence that the costs to each user outweigh the benefits.
(E) There are more acres of grazing land held privately than there are held in common.
Director
Director
Joined: 17 Jul 2006
Posts: 718
Followers: 1

Kudos [?]: 8 [0], given: 0

GMAT Tests User
 [#permalink] New post 11 Oct 2006, 10:58
More usage and less cost for users in common land. i.e cost effective
So D is my answer. That'swhy common land is in good condition.
Manager
Manager
User avatar
Joined: 31 Aug 2006
Posts: 215
Followers: 1

Kudos [?]: 2 [0], given: 0

GMAT Tests User
 [#permalink] New post 11 Oct 2006, 11:26
Yes (D) it is.Since the Ranchers knew that if one overuses then it could affect all hence each rancher used the comman land sparingly which gave results like "a study comparing 217 million acres of common grazing land with 433 million acres of private grazing land showed that the common land was in better condition "
Director
Director
Joined: 18 Jul 2006
Posts: 536
Followers: 1

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

GMAT Tests User
 [#permalink] New post 11 Oct 2006, 12:48
Agree with D.
VP
VP
User avatar
Joined: 25 Jun 2006
Posts: 1185
Followers: 1

Kudos [?]: 16 [0], given: 0

GMAT Tests User
 [#permalink] New post 11 Oct 2006, 20:19
D 2
Senior Manager
Senior Manager
Joined: 13 Sep 2006
Posts: 286
Location: New York
Followers: 1

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

GMAT Tests User
 [#permalink] New post 12 Oct 2006, 10:22
On more for D. The others support the first argument (that public land will be overused) and not the final analysis
SVP
SVP
User avatar
Joined: 05 Jul 2006
Posts: 1568
Followers: 4

Kudos [?]: 63 [0], given: 36

CAT Tests
 [#permalink] New post 12 Oct 2006, 11:47
I am tempted to say clear D
Director
Director
Joined: 23 Jun 2005
Posts: 853
GMAT 1: 740 Q48 V42
Followers: 3

Kudos [?]: 9 [0], given: 1

GMAT Tests User
 [#permalink] New post 12 Oct 2006, 17:01
Must be D.

Rancher thinking: "Hey, Why shouldn't I let all my cattle graze on the commonland. Oh, wait a minute, if I do that, my neighbors will start doing the same and pretty soon the common land will be bare and I will have to graze all my cattle on my own land. hmmm... maybe that's not such a good idea!"

:wink: :lol:
VP
VP
User avatar
Joined: 21 Mar 2006
Posts: 1138
Location: Bangalore
Followers: 2

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

GMAT Tests User
 [#permalink] New post 13 Oct 2006, 04:33
D it is. It cleaqrly explains why the farmers will not over-use the common land.
Current Student
User avatar
Joined: 29 Jan 2005
Posts: 5289
Followers: 17

Kudos [?]: 91 [0], given: 0

GMAT Tests User Reviews Badge
 [#permalink] New post 13 Oct 2006, 07:33
Why would the ranchers want to "bite the hand that feeds them?"
  [#permalink] 13 Oct 2006, 07:33
    Similar topics Author Replies Last post
Similar
Topics:
New posts Hardin argued that grazing land held in common(that is, open Taku 5 07 Mar 2005, 17:19
New posts Hardin argued that grazing land held in common (that is, ricokevin 5 16 Apr 2007, 23:04
New posts Hardin argued that grazing land held in common (that is, finder_003 1 16 Nov 2007, 09:08
New posts Hardin argued that grazing land held in common (that is, finder_003 2 16 Nov 2007, 09:12
New posts Hardin argued that grazing land held in common (that is, cipher 5 31 Jul 2009, 01:44
Display posts from previous: Sort by

Hardin argued that grazing land held in common (that is,

  Question banks Downloads My Bookmarks Reviews  


GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.