In a village there are three people working: a blacksmith, a farmer and an ice cream...
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In a village there are three people working: a blacksmith, a farmer and an ice cream maker. The blacksmith produces tools, the farmer produces milk and bananas, and the ice cream maker produces banana ice cream. • The blacksmith eats x bananas for each tool made. • The farmer needs 1 tool for every 3 units of milk produced. • The farmer needs 1 tool for every 7 bananas grown. • The ice cream maker needs 1 tool, 2 units of milk and 2 bananas for each banana ice cream made How many bananas (what is x?) must the blacksmith eat per tool to balance production and demand? In a village there are three people working: a blacksmith, a farmer and an ice cream maker. The blacksmith produces tools, the farmer produces milk and bananas, and the ice cream maker produces banana ice cream. • The blacksmith eats x bananas for each tool made. • The farmer needs 1 tool for every 3 units of milk produced. • The farmer needs 1 tool for every 7 bananas grown. • The ice cream maker needs 1 tool, 2 units of milk and 2 bananas for each banana ice cream made How many bananas (what is x?) must the blacksmith eat per tool to balance production and demand?
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To determine how many bananas the blacksmith must eat per tool we need to first determine the demand ... View the full answer
Related Book For
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
Posted Date:
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