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Updated on: 11 Aug 2013, 01:33
Originally posted by gmatquant25 on 11 Aug 2013, 00:22.
Last edited by gmatquant25 on 11 Aug 2013, 01:33, edited 1 time in total.
Last edited by gmatquant25 on 11 Aug 2013, 01:33, edited 1 time in total.
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C
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
45%
(medium)
Question Stats:
65% (01:46) correct
35%
(02:04)
wrong
based on 907
sessions
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Because of high prices on grain crops in Mordovia, fields used for growing those crops bring farmers significantly more profits per acre of land than fields used for growing other crops. Since next year most Mordovian farmers plan to markedly increase the proportion of their arable lands used for growing grain crops, it can be properly concluded that next year total profits of Mordovian farmers will increase.
The conclusion drawn above relies on which of the following assumptions?
(A)The proportion of imported grain crops sold in Mordovia is very small.
(B)Next year, prices on crops grown in Mordovia other than grain crops will not increase.
(C)Prices on grain crops are high in Mordovia for reasons other than short supply of those crops.
(D)Most farmers plan to increase the proportion of their fields used for growing grain crops in order to gain greater profits.
(E)Mordovian farmers who export grain crops generally earn more than farmers who grow grain crops for domestic market.
The conclusion drawn above relies on which of the following assumptions?
(A)The proportion of imported grain crops sold in Mordovia is very small.
(B)Next year, prices on crops grown in Mordovia other than grain crops will not increase.
(C)Prices on grain crops are high in Mordovia for reasons other than short supply of those crops.
(D)Most farmers plan to increase the proportion of their fields used for growing grain crops in order to gain greater profits.
(E)Mordovian farmers who export grain crops generally earn more than farmers who grow grain crops for domestic market.
11 Aug 2013, 00:59
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gmatquant25
.
IMO C
CONCLUSION::next year total profits of Mordovian farmers will increase.
PREMISE 1 :next year most Mordovian farmers plan to markedly increase the proportion of their arable lands used for growing grain crops.
PREMISE 2: fields used for growing those crops bring farmers significantly more profits per acre of land than fields used for growing other crops.
means :INCREASE IN ARABLE LAND ===>INCREASE IN GRAIN===>INCREASE IN PROFIT
CLEARLY this will break if INCREASE IN CROP will lead to DECREASE IN PRICE.
So in short it is assuming that increase in crop will not lead to decrease in price
or in other words
Prices on grain crops are high in Mordovia for reasons other than short supply of those crops.
HENCE C is the assumption.
(A)The proportion of imported grain crops sold in Mordovia is very small.==>this will not affect even if proportion increases because still the per acre will provide more profit.WRONG
(B)Next year, prices on crops grown in Mordovia other than grain crops will not increase.
We are not concerned about other crops ..we need to concentrate only on our CONLUSION that next year total profits of Mordovian farmers will increase. WRONG
(C)Prices on grain crops are high in Mordovia for reasons other than short supply of those crops.
correct
(D)Most farmers plan to increase the proportion of their fields used for growing grain crops in order to gain greater profits.
if they are growing with intention or not with intention of gaining profit this will not affect conclusion anyhow.WRONG
(E)Mordovian farmers who export grain crops generally earn more than farmers who grow grain crops for domestic market.
OUT OF SCOPE.WRONG
waiting OA
11 Aug 2013, 01:10
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gmatquant25
Hi
My answer C
Thought process
P1: hIGH $ grain crps --> More profit per acre
P2: Inc. proportion of gr. crps in arable lands
C: Profits inc. next year
Gap premise
Inc. the proportion!= selling more != Profit
The conclusion drawn above relies on which of the following assumptions?
(A)The proportion of imported grain crops sold in Mordovia is very small. Makes conclusion less likely
(B)Next year, prices on crops grown in Mordovia other than grain crops will not increase.---> we are concerned abt gr crops
(C)Prices on grain crops are high in Mordovia for reasons other than short supply of those crops.--> yes. if you negate that means that short supply was the reason for high prices and if the supply inc. then there wont be any high price as previously.
(D)Most farmers plan to increase the proportion of their fields used for growing grain crops in order to gain greater profits. OOS
(E)Mordovian farmers who export grain crops generally earn more than farmers who grow grain crops for domestic market. OOS
