Level 3 Implementing Trade And Exploring The Gains From Trade You Decide To Throw A Feast For You And Friday This Will 1 (716.95 KiB) Viewed 60 times
Level 3 Implementing Trade And Exploring The Gains From Trade You Decide To Throw A Feast For You And Friday This Will 2 (83.4 KiB) Viewed 60 times
Level 3 Implementing Trade And Exploring The Gains From Trade You Decide To Throw A Feast For You And Friday This Will 3 (70.6 KiB) Viewed 60 times
Level 3: Implementing Trade and Exploring the Gains from Trade You decide to throw a feast for you and Friday. This will require 5000 calories of fish in inventory. Trade with Friday until you can achieve an inventory of 5000 calories of fish. Remember you still need to collect 2000 fish calories and 32 logs for a fire to survive the night and Friday will only trade if he is made better off than he would have been on his own. Wood: 59 logs Night Time Schedule 0 hour 12 hour lex Day 1. Fish : 0 cals
Fish (cals) 4000 3000 2000 1000 0 0 10 20 30 40 50 60 70 Firewood (logs) 80 90 100 110 1... Fish (cals) 7000 6000 5000 4000 3000 2000 1000 0 0 10 20 Inventory PPF 30 40 50 60 70 80 90 100 Firewood (logs) 110 1...
Terms of Trade What are the rules of trading? 1 Wood (logs) for: 150 fish (cals) 0 Trade How much do we trade? Give wood (logs): 5 200 ΓΑ Consumption Collect Wood: 91 logs 0 Collect Fish: 750 cals 0 ? Will you and Friday survive the night? Find Out 96 6000
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