Overproduction Corrected
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The document describes an interactive game about overproduction and its consequences. The player takes on the role of a farmer named Henry Jones who must decide whether to purchase a new plow called the Uber-Plow to increase his corn production from 20 to 40 bushels per month, in response to his neighbor Walter Burke doing the same. However, increasing supply leads both farmers to lower prices in order to sell their excess corn, ultimately forcing both farmers back into poverty as prices are driven too low.
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The document describes a scenario where a farmer named Henry Jones lives in a town and grows corn to support his family. His neighbor Walter Burke buys a new plow called the Uber-Plow that allows him to grow and sell more corn each month. Henry must decide whether to borrow money from the bank to buy the Uber-Plow as well, in an effort to compete with his neighbor and earn more money, or keep farming as he has been. The scenario then explores the outcomes of each choice and how overproduction of corn in the small town impacts the farmers.Lawbore presentation final
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If You Want more Information, Just Contact us now:
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Foodcare brings advanced electronic shelf labels and digital price tags to Delhi, transforming the way retailers manage pricing and product displays. Designed for modern retail environments, our solutions offer real-time price updates, reduce manual errors, and save operational time. These digital tags are ideal for supermarkets, grocery stores, pharmacies, and other retail formats looking to enhance efficiency and accuracy. With wireless connectivity and centralized control, you can update pricing, promotions, and product details instantly across multiple shelves. The high-contrast, energy-efficient displays ensure clear visibility for customers, improving overall shopping experience. Our labels are available in various sizes to suit different product categories and shelf designs. Easy to install and maintain, Foodcare¡¯s electronic shelf label systems provide a seamless upgrade to your store¡¯s infrastructure. Choose Foodcare in Delhi for smart pricing solutions that combine innovation, reliability, and professional presentation. Stay competitive with digital technology that simplifies retail operations. For more information visithttps://foodcare.co.in/electronic-price-tags-in-Delhi/Ad
Overproduction Corrected
- 1. Overproduction Defined! Excess production; supply beyond the demand.
- 2. So what does that mean??? Play ¡ ¡°Overproduction: The Game¡± to find out!
- 3. ºÝºÝߣ 3 - Your name is Henry Jones. You are a farmer. You live in Somewhereville, USA! You have a small plot of land. You are able to sell 20 bushels of corn a month at $1 a bushel. Twenty dollars a month is not enough money to feed your family. You have five young children that are hungry. Your neighbor, Walter Burke, has just bought the NEW UBER-PLOW! He can now sell 40 bushels of corn a month. In Somewhereville, you and Walter Burke are the only farmers that produce and sell corn.
- 4. ºÝºÝߣ 4 - The UBER-Plow costs $100! You have NO savings! Do you borrow $100 from the bank to buy the UBER-Plow?? NO (Go to slide 5) YES (Skip slide 5 and go to slide 6)
- 5. ºÝºÝߣ 5 - OK, you chose NO! You and your family suffer because Walter Burke is selling more corn. He can now afford to sell the corn for 75 cents a bushel because he sells more. You¡¯ve lost customers to Burke due to his markdown. As the months go by, the situation gets worse and worse. Your family is falling into deep poverty. In desperation, you quit farming and attempt to head West with your family to find work. GO TO SLIDE 4 and try choosing YES!
- 6. ºÝºÝߣ 6 - OK, you chose YES! At first, the UBER-Plow saves your family from falling into poverty! You now can sell 40 bushels of corn a month. However, Burke has lowered his price to 75 cents a bushel. You lower your price to match Burke¡¯s. For a month, both you and Burke are doing well selling corn at this price. You both sell about an equal amount of corn to the local population in that month.
- 7. ºÝºÝߣ 7 -What happens next?!?!?! At the start of the next month, Burke lowers the price of his corn to 50 cents in an attempt to gain more customers. Burke can afford to do this. He does not have any children to support. He also did not borrow money to buy the UBER-Plow. Do you want to lower your prices to 50 cents? Yes (flip to slide 8) No (flip to slide 9)
- 8. ºÝºÝߣ 8 ¨COK you chose YES- Back into poverty! Turns out you cannot afford to lower your prices this low. They are too low for you to feed your family. You also owe $100 to the local bank. You are forced back into poverty. Game Over!
- 9. ºÝºÝߣ 9 - OK you chose NO - Back in poverty You lose all your customers to Burke because you refuse to lower your prices. You also still owe the bank 100 dollars! You are very poor and have no idea how you will feed your family or pay off the bank loan. Game Over!