You are at an oasis in a large desert and you have a lot of ice cream in an immovable refr

timer Asked: Feb 14th, 2015

Question Description

I don’t know how to handle this Economics question and need guidance.

You are at an oasis in a large desert and you have a lot of ice cream in an immovable refrigerator. (Assume, for the sake of the story, that ice cream is the only food available and it is good for you.) The people in the next oasis some miles away have no ice cream (and no other food) and are too old and infirm to travel. You have plenty of ice cream and you can transport it to the next oasis, but on the journey, some of it will melt. Now the question: How much of the ice cream (what percent from zero to 100%) would have to survive the journey for you to believe it to be worth transporting the ice cream to the next oasis?  There is no right or wrong answer to this question, so don’t get hung up on what is the right answer.  Suppose the people in the other oasis were your family.  Suppose you didn’t know them at all.  Make no assumptions and give me just one answer:  ___%

Student has agreed that all tutoring, explanations, and answers provided by the tutor will be used to help in the learning process and in accordance with Studypool's honor code & terms of service.

This question has not been answered.

Create a free account to get help with this and any other question!

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors