I had an issue with this as well. There are way more costs involved, like farm equipment, fuel, maintenance, fertilizer, pest control, labor, storage, marketing, transportation, packaging, etc.,
On the other hand, with economies of scale, cost of production per carrot is likely to be much less than $2
The cost of carrot production is slightly higher if you include all the water and labour but still a bit less than 250m
I had an issue with this as well. There are way more costs involved, like farm equipment, fuel, maintenance, fertilizer, pest control, labor, storage, marketing, transportation, packaging, etc.,
On the other hand, with economies of scale, cost of production per carrot is likely to be much less than $2