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Boldface   题数:98
A product that represents a clear technological advance over competing products can generally command a high price. Surprisingly, perhaps, the strategy to maximize overall profit from a new product is to charge less than the greatest price the market will bear. Many companies charge the maximum possible price for such a product, because they want to make as much profit as they can and technological advances tend to be quickly surpassed. The drawback is that large profits on the new product give competitors a strong incentive to quickly match the new product's capabilities.In the argument above, the two portions in boldface play which of the following roles?
Environmental organizations want to preserve the land surrounding the Wilgrinn Wilderness Area from residential development. They plan to do this by purchasing that land from the farmers who own it. That plan is ill-conceived: if the farmers did sell their land, they would sell it to the highest bidder, and developers would outbid any other bidders. On the other hand, these farmers will never actually sell any of the land, provided that farming it remains viable. But farming will not remain viable if the farms are left unmodernized, and most of the farmers lack the financial resources modernization requires. And that is exactly why a more sensible preservation strategy would be to the farmers to modernize their farms to the extent needed to maintain viability.In the reasoning above, the two boldface portions play which of the following roles?
A prominent investor who holds a large stake in the Burton Tool Company has recently claimed that the company is mismanaged. As evidence for this claim, the investor cited the company's failure to slow production in response to a recent rise in its inventory of finished products. It is doubtful whether an investor's sniping at management can ever be anything other than counterproductive, but in this case it is clearly not justified. It is true that an increased inventory of finished products often indicates that production is outstripping demand. In Burton's case it indicates no such thing, however: the increase in inventory is entirely attributable to products that have already been assigned to orders received from customers.In the argument given, the two boldfaced portions play which of the following roles?
Plant scientists have used genetic engineering on seeds to produce crop plants that are highly resistant to insect damage. Unfortunately, the plants require more fertilizer and water to grow well than normal ones do, and the seeds themselves are quite expensive, and for most farmers the savings on pesticides would not compensate for the higher seed costs and the cost of additional fertilizer. However, since consumer demand for grains, fruits, and vegetables grown without the use of pesticides continues to rise, the use of genetically engineered seeds of this kind is likely to become widespread.In the argument given, the two portions in boldface play which of the following roles?
Consumer advocate: It is generally true, at least in this state, that lawyers who advertise a specific service charge less for that service than lawyers who do not advertise. It is also true that each time restrictions on the advertising of legal services have been eliminated, the number of lawyers advertising their services has increased and legal costs to consumers have declined in consequence. However, eliminating the state requirement that legal advertisements must specify fees for specific services would almost certainly increase rather than further reduce consumers’ legal costs. Lawyers would no longer have an incentive to lower their fees when they begin advertising and if no longer required to specify fee arrangements, many lawyers who now advertise would increase their fees. In the consumer advocate’s argument, the two portions in boldface play which of the following roles?
A product that represents a clear technological advance over competing products can generally command a high price. Because technological advances tend to be quickly surpassed and companies want to make large profits while they still can, many companies charge the greatest price the market will bear when they have such a product. But large profits on the new product will give competitors a strong incentive to quickly match the new product’s capabilities. Consequently, the strategy to maximize overall profit from a new product is to charge less than the greatest possible price.In the argument above, the two portions in boldface play which of the following roles?
City Official: At City Hospital, uninsured patients tend to have shorter stays and fewer procedures performed than do insured patients, even though insured patients, on average, have slightly less serious medical problems at the time of admission to the hospital than uninsured patients have. Critics of the hospital have concluded that the uninsured patients are not receiving proper medical care. However, this conclusion is almost certainly false. Careful investigation has recently shown two things: insured patients have much longer stays in the hospital than necessary, and they tend to have more procedures performed than are medically necessary.In the city official’s argument, the two boldface portions play which of the following roles?
Journalist: Every election year at this time the state government releases the financial disclosures that potential candidates must make in order to be eligible to run for office. Among those making the required financial disclosure this year is a prominent local businessman, Arnold Bergeron. There has often been talk in the past of Mr. Bergeron's running for governor, not least from Mr. Bergeron himself. This year it is likely he finally will, since those who have discounted the possibility of a Bergeron candidacy have always pointed to the necessity of making financial disclosure as the main obstacle to such a candidacy.In the journalist's argument, the two boldfaced portions play which of the following roles?
Last year a record number of new manufacturing jobs were created. Will this year bring another record? Well, a new manufacturing job is created either within an existing company or by the start-up of a new company. Within existing firms, new jobs have been created this year at well below last year's record pace. At the same time, there is considerable evidence that the number of new companies,starting up will be no higher this year than it was last year, and surely the new companies starting up this year will create no more jobs per company than did last year's start-ups. Clearly, it can be concluded that the number of new jobs created this year will fall short of last year's record.In the argument given, the two portions in boldface play which of the following roles?
Historian: In the Drindian Empire, censuses were conducted annually to determine the population of each village.Village census records for the last half of the 1600's are remarkably complete. This very completeness makes one point stand out; in five different years, villages overwhelmingly reported significant population declines. Tellingly, each of those five years immediately followed an increase in a certain Drindian tax. This tax, which was assessed on villages, was computed by the central government using the annual census figures. Obviously, whenever the tax went up, villages had an especially powerful economic incentive to minimize the number of people they recorded; and concealing the size of a village's population from government census takers would have been easy. Therefore, the reported declines probably did not happen.In the historian’s argument, the two portions in boldface play which of the following roles?
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