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A farmer grazes two cows on one acre of land. To increase total milk yield, he purchases t

A farmer grazes two cows on one acre of land. To increase total milk yield, he purchases two more cows and allows all four cows to graze on his land. Unfortunately, the cows overgraze on his land and the food supply to the cows is reduced, which causes the total milk yield of the four cows to fall below that achieved when only two cows were grazed. The farmer has fallen prey to:

A) the post hoc fallacy.

B) the ceteris paribus normative fallacy.

C) the marginal benefit/marginal cost fallacy.

D) the fallacy of composition.

Nov 23 2019 View more View Less

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