1. You have an avocado tree, which grows 400 avocados this year, 150 next year. Your neighbor has an avocado tree, which grows 0 avocados this year, 50 next year. (a) Is 1 today = 5 tomo" an equilibrium exchange rate? (b) Calculate the equilibrium exchange rate "1 today = v tomorrow". 2. You have an avocado tree, which grows 10 avocados this year, 10 next year. Your neighbor has an avocado tree, which grows 0 avocados this year, 50 next year. (a) Is "1 today = 2 tomo" an equilibrium exchange rate? (b) Calculate the equilibrium exchange rate "1 today = v tomorrow". 3. In a hunter-gatherer society lives Adam and Eva. Adam is a hunter and he catches 10 ducks a week. Eva is a gatherer and she gathers 50 berries a week. Both Adam and Eva enjoy eating ducks and berries and have happiness function c12. Calculate the equilibrium exchange rate "1 duck = v berries. 4. In a hunter-gatherer society lives Adam and Eva. Adam is a hunter and he catches 40 ducks a week. Eva is a gatherer and she gathers 10 berries a week. Both Adam and Eva enjoy eating ducks and berries and have happiness function Ccz. Calculate the equilibrium exchange rate "1 duck = v berries. 5. In a hunter-gatherer society lives Adam and Eva. Adam catches 40 ducks and gathers 10 berries a week. Eva catches 5 ducks and gathers 50 berries a week. Both Adam and Eva enjoy eating ducks and berries and have happiness function 22. Calculate the equilibrium exchange rate "1 duck = v berries". 1. You have an avocado tree, which grows 400 avocados this year, 150 next year. Your neighbor has an avocado tree, which grows 0 avocados this year, 50 next year. (a) Is 1 today = 5 tomo" an equilibrium exchange rate? (b) Calculate the equilibrium exchange rate "1 today = v tomorrow". 2. You have an avocado tree, which grows 10 avocados this year, 10 next year. Your neighbor has an avocado tree, which grows 0 avocados this year, 50 next year. (a) Is "1 today = 2 tomo" an equilibrium exchange rate? (b) Calculate the equilibrium exchange rate "1 today = v tomorrow". 3. In a hunter-gatherer society lives Adam and Eva. Adam is a hunter and he catches 10 ducks a week. Eva is a gatherer and she gathers 50 berries a week. Both Adam and Eva enjoy eating ducks and berries and have happiness function c12. Calculate the equilibrium exchange rate "1 duck = v berries. 4. In a hunter-gatherer society lives Adam and Eva. Adam is a hunter and he catches 40 ducks a week. Eva is a gatherer and she gathers 10 berries a week. Both Adam and Eva enjoy eating ducks and berries and have happiness function Ccz. Calculate the equilibrium exchange rate "1 duck = v berries. 5. In a hunter-gatherer society lives Adam and Eva. Adam catches 40 ducks and gathers 10 berries a week. Eva catches 5 ducks and gathers 50 berries a week. Both Adam and Eva enjoy eating ducks and berries and have happiness function 22. Calculate the equilibrium exchange rate "1 duck = v berries
