Final answer:
To determine Dylan's endowment value, we need the market price for quinoa. The value of Dylan's raspberries ($4.00 per pack) amounts to $311.20, but without the quinoa price, the total endowment value is incomplete.
Step-by-step explanation:
The student is asking how to calculate the dollar value of Dylan's endowment given market prices for two goods in an exchange economy. Since the equilibrium price of raspberries is provided at $4.00 per pack as per the information given and no price is provided for quinoa, we will assume a theoretical price for quinoa to demonstrate the calculation. If we consider the price of quinoa to be $X per unit, Dylan's endowment value would be:
Total value of quinoa = (112.5 units of quinoa) × ($X per unit of quinoa)
Total value of raspberries = (77.8 packs of raspberries) × ($4.00 per pack)
Dylan's total endowment value = Total value of quinoa + Total value of raspberries
Since the price of quinoa (X) is unknown, Dylan's total endowment cannot be fully determined without this information. However, the value for raspberries alone can be calculated by multiplying 77.8 packs of raspberries by $4.00, leading to an endowment value of $311.20 from raspberries.