Question: Course subject: Free elective 2 Three neighbors have backyard vegetable gardens. Neighbor A grows tomatoes, neighbor B grows corn, and neighbor C grows lettuce. They

Course subject: Free elective 2

Course subject: Free elective 2 Three neighbors have backyard vegetable gardens. Neighbor

Three neighbors have backyard vegetable gardens. Neighbor A grows tomatoes, neighbor B grows corn, and neighbor C grows lettuce. They agree to divide their crops among themselves as follows: A gets 1/2 of the tomatoes, 1/3 of the corn, and 1/4 of the lettuce. B gets 1/3 of the tomatoes, 1/3 of the corn, and 1/4 of the lettuce. C gets 1/6 of the tomatoes, 1/3 of the corn, and 1/2 of the lettuce. What prices should the neighbors assign to their respective crops if the equilibrium condition of a closed economy is to be satisfied, and if the lowest-priced crop is to have a price of $100

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