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The nations of Elbonia and Slobovia both produce good quality beef. But the total water footprint of one kilogram of Elbonian beef is much higher than the water footprint of the same quantity of Slobovian beef.
a) Explain how such a situation could arise.
b) You are further told that over 75% of the water footprint of Elbonian beef is virtual, external to that country, and located in neighbouring Freedonia. What can you conclude?
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A large bakery buys flour in 25-pound bags. The bakery uses an average of 5 bags a day. The bakery operates 243 days a year. Preparing an order and receiving a shipment of flour involves a cost of $10 per order.
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