NEW MyLab Finance with Pearson eText -- Access Card -- for Fundamentals of Corporate Finance
NEW MyLab Finance with Pearson eText -- Access Card -- for Fundamentals of Corporate Finance
3rd Edition
ISBN: 9780133543889
Author: Jonathan Berk, Peter DeMarzo, Jarrad Harford
Publisher: PEARSON
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Chapter 3, Problem 8P

Brett has almond orchards, but he is sick of almonds arid 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 1000 tons of almonds and his neighbor produces 800 tons of walnuts. If the market price of almonds is $100 per ton and the market price of walnuts is $110 per ton:

a. Should he make the exchange?
b. Does it matter whether he prefers almonds or walnuts? Why or why not?
 

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NEW MyLab Finance with Pearson eText -- Access Card -- for Fundamentals of Corporate Finance

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