Question 9

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. Assume he produces 1.037 tons of almonds and his neighbor produces 766 tons of walnuts. If the market price of almonds is $105 per ton and the market price of walnuts is $117 per ton: Should he make the exchange? Does it matter whether he prefers almonds or walnuts? Why or why not? Should he make the exchange? The market value of the almond crop is $ (Round to the nearest dollar) The market value of the walnut crop is S (Round to the nearest dollar.) So. should he make the exchange? (Select from the drop down menu.) 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? (Select from the drop-down menu)