Cost-Benefit Analysis Read the scenario carefully Think about what the event will cost the ancient Egyptians, and consider how the event couldbenefit the ancient Egyptian economy Then, answer the questions that follow Scenario YOu are an adviser to the pharaoh in ancient Egypt. The pharaoh wants to build a fleet of new ships to increase trade by moving more goods. This requires wood Egypt has a trading partner in Southwest Asia fhat has offered enough wood for the project in exchange for 2,500 sacks of grain Egypt's Current emergency grain supply is 5,000 sacks of grain f the pharaoh agrees, this will reduce the country's emergency grain supply he supply is already low due to a weak harvest from the previous year. If the upcoming harvest is not large and the 2,500 sacks of grain are traded, Egypt may risk a famine. There will not be enough grain to feed the Egyptian people The pharaoh must decide if the benefit of the new fleet of ships is worth the cost of a possible famine
1 Describe the costs of trading grain for wvood in ancient Egypt. In other words, what are the drawbacks of trading grain for wood?