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

Anonymous
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:  ___%


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