Robinson can catch 1 fish or gather 2 coconuts. in an hour, Bill can catch 1 fish or gather 1 coconut. In an hour, Chris can catch 8 fish or gather 2 coconuts a. If production is organized according to comparative advantage, in what order will the three inhabitants collect coconuts? (That is, if only one of the three collects coconuts, who will it be? And if two of them collect coconuts, which two will it be?) b. Draw the production possibilities curve (PPC) when there is no specialization—that is, when each worker divides their time between fish and coconuts in the same way as the other two workers. Identify and explain the vertical intercept, the slope, and the horizontal intercept of the PPC in this case.
Robinson can catch 1 fish or gather 2 coconuts.
in an hour, Bill can catch 1 fish or gather 1
coconut.
In an hour, Chris can catch 8 fish or gather 2
coconuts
a. If production is organized according to
b. Draw the production possibilities curve (PPC) when there is no specialization—that is, when each worker divides their time between fish and coconuts in the same way as the other two workers. Identify and explain the vertical intercept, the slope, and the horizontal intercept of the PPC in this case.
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