Problem Set $2.$ You are a day$-$trader buying and selling Ether $($ETH$)$ on the Uniswap exchange. You need to

use a valuation method to produce a theoretical value of ETH to guide your trading strategy.

$($a$)$ Which valuation method would you use to estimate the value of Ether?

$($b$)$ Can you explain why you choose this valuation method?

$($c$)$ What would make the Cost of Production method NOT suitable for the valuation of Ether?