CHARLENEMAEEVASCOIN CHARLENEMAEEVASCOIN

Economics

Answered

Robinson Crusoe can gather 12 coconuts or catch 1 fish per hour. His friend Friday can gather 20 coconuts or catch 2 fish per hour. What is Crusoe’s opportunity cost of catching 1 fish? What is Friday’s? Who has an absolute advantage in catching fish? Who has a comparative advantage in catching fish?

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