Please help!!!!! Need the answer ASAP ange Frida 0 one bird nge one hird with fourteen...

Question

Question

Please help!!!!! Need the answer ASAP

Answer 1

Answer #1

Opportunity cost of catching 1 bird (Crusoe) = 24/2 = 12 fish

Opportunity cost of catching 1 bird (Friday) = 6/1 = 6 fish

Friday offers to exchange one bird for eleven fish with Robinson Crusoe. (option A)

(Any exchange which falls between the opportunity costs of the two would benefit both)

Answer 2

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