◦ Imagine the two farmers make a deal:
➢Farmer Blue will grow only corn and Farmer Red will grow only potatoes.
➢Then they’ll trade: two tons of potatoes for one ton of corn. ➢i.e. P = 2C
◦ Plot how much of each crop Farmers Blue and Red could have after trading.
Trading relation between Potatoes and Corn is : They’ll trade: two tons of potatoes for one ton of corn.
How do you think Farmers Blue and Red should decide who grows corn and who grows potatoes?
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What kind of mathematical analysis helped you decide the above trade off?
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Can you suggest any other trade off pattern which can lead to better profits for both farmers?
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Answer:
hi please
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