TRADING GAME : ECONOMICS CHALLENGE 3

This is Challenge 3 of the 6 week economics challenge series by @spectrumecons.
This challenge allows me to trade with $10 million. I can buy any commodity from any of these city on DAY 1 and sell in any city on DAY 7.

  • Crunchy Town
  • Meteor City
  • TyrantVille
  • Riddle Widdle Town
  • Grudge Town.

PRICE ON DAY 1
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Using the triangle distribution.
Here is the price on DAY 7
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DQmXYaTyxSZrMwpngbhaCVuK2873hcpuCdCWMhx2RBAEAaw.jpeg
DQmNydudeQUYPJ3Zz6kpX7GkoCqq8g2i6p7onL65A2JGHNw_1680x8400.jpeg

Here is my solution for the triangle distribution.

  • IMG_20180414_120155_460.JPG
This is a table for the cheapest price I can buy any of the commodity
  • IMG_20180414_120243_059.JPG
An average for the day 7 price of goods. Estimated from the triangle distribution.
  • IMG_20180414_120317_356.JPG
This give the best price I can sell any of the commodity.(extrated from the average price in 2 above)
  • From the above statistics it is no doubt that as a economist, I will be giving my money to the commodity that can get me the best output in the same limit of time.
    I will buy 4,000,000 pound of copper with all my money ($10 million) from meteor city and on day 7 I will sell at grudge town at an average rate of $5. Giving me an amount of $20 million and a gain of $10million.

  • all calculations were done on a spreadsheet and my answers were extrated from it.

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