I think the burgers went to the people who printed extra fiat to buy up the 50 burgers ... They basically stole what belongs to Lee and others if it was done without their consent considering they work hard to earn the fiats...unless maybe the burgers are replaced immediately for those who worked hard for their fiat to buy at the normal price.
The printed money would have been given to burger makers to make more burger rather than to those who did no work.
* By the way, if 100 additional burgers were produced the second day then I suspect the burger maker still have more unsold burgers... The money printers only bought 50 at 100fiat(or 100% inflation) ... So no fiat left to buy the remaining.
Topic: Burger puzzle (Read 89 times)
Burger puzzle:
There is a country’s only product, Hamburg, which produces 100 burgers a day, and the government issues 100 fiats, which can be exchanged for 1 hamburger per 1 fiat.
Lee earned 2 fiat equivalent to two hamburgers through labor, but he is not hungry today, so he plans to buy hamburgers tomorrow.
The next day, the government had a dinner, so it printed 100 fiat to the market to buy burgers. Due to inflation, the price of burgers increased by 100%. Every 2 fiat could be exchanged for one burger, and the government bought 50 burgers.
Lee went to the market to buy burgers and found that he could only buy one burger now. Where did the other burger go?
There is a country’s only product, Hamburg, which produces 100 burgers a day, and the government issues 100 fiats, which can be exchanged for 1 hamburger per 1 fiat.
Lee earned 2 fiat equivalent to two hamburgers through labor, but he is not hungry today, so he plans to buy hamburgers tomorrow.
The next day, the government had a dinner, so it printed 100 fiat to the market to buy burgers. Due to inflation, the price of burgers increased by 100%. Every 2 fiat could be exchanged for one burger, and the government bought 50 burgers.
Lee went to the market to buy burgers and found that he could only buy one burger now. Where did the other burger go?
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