High School

In a barter society, it has been established that:

- 12 bananas = 2 paw paws = 1 coconut - 10 potatoes
- 100 potatoes = 1 shark's tooth necklace

1. How many bananas are required to buy two coconuts?

2. How many paw paws are needed to buy 50 potatoes?

3. If you had 70 potatoes, how many bananas would you trade for them?

4. How many coconuts would you need to buy a shark's tooth necklace?

5. What would you do if the owner of the necklace said he did not want coconuts but would accept bananas? How many bananas would you need?

6. You have one coconut and wish to get some potatoes, but you only want 5 potatoes, not the 10 potatoes that one coconut would buy. Can you suggest at least one way of getting just 5 potatoes?

Answer :

Final answer:

The questions are all about understanding the values of goods in a barter system and using those values to calculate trade equivalents. A coconut equals 12 bananas, 2 paw paws, or 10 potatoes, and 100 potatoes equal a shark's tooth necklace. These ratios are used to determine the equivalent quantities of different goods.

Explanation:

The question revolves around the concept of bartering and exchange in a simplified economy, without the use of formal currency.

  1. Two coconuts are equivalent to 4 paw paws = 24 bananas. So, you will need 24 bananas to buy two coconuts in a barter trade.
  2. 2 paw paws are equivalent to 10 potatoes. Therefore, to buy 50 potatoes, you would need 10 paw paws.
  3. If you have 70 potatoes, you can trade them for approximately 168 bananas (given 10 potatoes = 12 bananas).
  4. 1 coconut can buy 10 potatoes and 100 potatoes can buy a shark’s tooth necklace, so you would need 10 coconuts to buy a shark’s tooth necklace.
  5. If the owner of the necklace accepts bananas, then considering 1 necklace = 100 potatoes = 120 bananas, you would need 120 bananas.
  6. To receive only 5 potatoes for your 1 coconut, you could find a third party interested in your remaining 5 potatoes in return for something else of equivalent value.

Learn more about Bartering here:

https://brainly.com/question/25874393

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