Answer:
Explanation:
a. Should he make the exchange?
Brett Produces almonds = 1050 tons
Owner of walnut produces = 774 tons
Market Price almond = $103 per ton
Market Price of walnuts = $114 per ton
Therefore
The market value of the almond crop = (1050 tons) x ($103)
= $108,150
The market value of the walnut crop = (774 tons) x ($ 114)
= $88,236
He should not make the exchange since the price of almond is high than walnuts
b. Does it matter whether he prefers almonds or walnuts?
Why or why not?
No. His preference is irrelevant to the value of the crops.
Is the above statement true or false? True