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Brett has almond orchards, but he is sick of almonds and prefers to eat walnuts instead. The owner of the walnut orchard next door has

image text in transcribed Brett has almond orchards, but he is sick of almonds and prefers to eat walnuts instead. The owner of the walnut orchard next door has offered to swap this year's crop with him in an even exchange. Assume he produces 1,039 tonnes of almonds and his neighbour produces 756 tonnes of walnuts. If the market price of almonds is $108 per tonne and the market price of walnuts is $111 per tonne: a. Should he make the exchange? b. Does it matter whether he prefers almonds or walnuts? Why or why not? a. Should he make the exchange? The market value of the almond crop is $ . (Round to the nearest dollar.)

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